Sellers raise Indian ferrous scrap offer prices in line with demand from other markets

Dec 07, 2011 | 06:14 AM |

Scrap sellers have upped their offer prices for containerised shipments on the back of increased demand for scrap from Turkey and other Asian markets, traders told Metal Bulletin.

Offer prices for shredded scrap rose to $450-460 per tonne cfr Nhava Sheva, up from $435-445 on November 29.

HMS 1&2 (80:20) offer prices also moved up, to $410-430 per tonne cfr Nhava Sheva from $400-420 on November 29. ....

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