SOUTH ASIA STEEL SCRAP: Uncertainty keeps markets rangebound

Prices for shredded steel scrap imported into India and Pakistan were largely steady on Friday April 16 with the market mulling a possible downward trend, sources told Fastmarkets.

Fastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India at $457.22 per tonne on Friday, compared with $456.38 per tonne one week previous.
Deals were heard at $455, $457 and $460 per tonne this week, against deals at $445-455 per tonne last week.
Offers were as high as $465 per tonne this week, the same level as last week.

Market participants expressed concern over the lack of buying activity in markets such as Turkey, which have not been...


Carrie Bone

April 16, 2021

16:08 GMT