Author: Aditi Sen

Exchange rate volatility dampens buying sentiment Monsoon slows industrial activity, scrap generation India’s imported aluminium scrap prices inched up by $10-15/tonne (t) w-o-w, following a slight uptrend in London Metal Exchange (LME) prices. Overall scrap trade remained very slow during the week, weighed down by exchange rate hikes and heightened market uncertainty. Buying interest stayed…