Merchants black scrap in India has not changed the price of the material after a few trades last week were concluded at higher prices, according to market participants. Shredded scrap in containers from Europe and Britain offered at $485-490 per tonne CFR Nhava of Sheba compared to $480-490 per tonne CFR last week. Scrap HMS 1&2 from the UK sold at a price of $458-460 per tonne CFR of Nhava Sheva, said one of the traders.
"Markets in Europe and the UK hold strong positions, and no one offers crushed material at a price below $490 per tonne CFR, since the freight rate is growing," he adds.
MetalTorg.Ru