INDIA IMPORT SCRAP: Prices continue to move up ahead of holiday season

The price of ferrous scrap imported into India moved up again this week ahead of a seasonal slowdown for the European holiday season, sources told Fastmarkets on Friday December 6.

Fastmarkets' steel scrap, shredded, index, import, cfr Nhava Sheva was $286.46 per tonne on Friday, up from $282.56 per tonne one week previous.
One deal was heard for shredded material into India at $291 per tonne this week, up from $280 per tonne last week.
But not everyone had seen such a jump in prices. Offers ranged from as low as $280 per tonne up to $290 per tonne, although this was improved from $280-285 per tonne last week.

"Prices are up $10 [per tonne] for shredded. The sentiment is better,...

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