Fastmarkets’ steel scrap shredded, index, import, cfr Nhava Sheva, India
, was $533.93 per tonne on June 18, up from $516.47 per tonne on June 11.
Offers heard this week were in the range of $520-540 per tonne cfr, while a deal was reported by market participants at $534-540 per tonne, believed to be for several thousand tonnes of shredded. This was up from a deal level of $515 per tonne last week.
Market sources said that anyone looking for higher tonnages would now need to pay more to secure a larger volume, due to the persistent shortage of shredded material globally