- India’s scrap import market remains quiet for yet another week. Around 1,000 t of UAE-origin containerised HMS 1 scrap was heard booked by a Gujarat-based mill at $475/t CFR.
- SteelMint’s assessment for shredded scrap stands at $552/t CFR Nhava Sheva, down $8/t w-o-w.
- The global downtrend in prices has slowed down activity, with market participants apprehending further correction in prices.
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