Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India
at $310.41 per tonne on Friday, inching up from $309.47 per tonne last week.
Last week, the Indian market showed signs of softening
after Turkey, the largest buyer of imported scrap, did not purchase any cargoes between August 7 and August 25, knocking sentiment in the global scrap markets.
But Turkey’s return to the market
earlier this week revived sentiments in the Indian market and offer prices inched up once more.
Only one deal was heard this week, which was concluded early in the week...