INDIA STEEL SCRAP: Upward price trend continues on tight supply

The price of shredded steel scrap imported into India moved up on Friday October 30 as a result of tight material supply, sources have told Fastmarkets.

Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $321.21 per tonne on Friday, up from $316.16 per tonne one week earlier.
Deal prices heard during the week were in the range of $322-324 per tonne, up from $315-316 per tonne last week.
Offers were heard as high as $325 per tonne, up from a high of $320 per tonne last week.

“The market is good, there is a continuous upping...

Published

Carrie Bone

October 30, 2020

16:48 GMT

London