Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India
, at $308.62 per tonne on Friday, up from $305.74 per tonne one week earlier. This was the first upward movement after four consecutive weeks of decline.
Deals heard this week were in the range of $305-307 per tonne, while offers were in the range of $305-315 per tonne, compared with deals at $300-309 per tonne last week and offers at $295-315 per tonne.
In recent weeks, the international market has...