Prices for ferrous scrap imported into India have begun to inch up for the first time in 13 weeks on a change in sentiment that developed after prices stabilized on the international scrap markets, sources told Fastmarkets on Friday October 11.
Fastmarkets' weekly assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $253.56 per tonne on Friday, up from $251.34 per tonne one week ago and the first rise since July 12.A deal was heard for shredded material this week at $255 per tonne while many offers were heard in the range $250-260 per tonne, up from deals and offers at $250-255 per tonne last week."Prices are going up so we're...