Fastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India
at $459.75 per tonne this week, up from $430.86 per tonne one week earlier.
There were no deals heard in the market this week, however, offers were reported as high as $470-480 per tonne, up from $428-435 per tonne the week previous.
“The markets are again dull, prices are high but there is no buying,” a trader said.
The rising prices of the international market have, in turn, boosted prices in other key scrap markets such as India and...