Author: Deepika Singh
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India: Imported scrap prices weaken on subdued sentiments
India’s ferrous scrap import market witnessed a fall in prices. No deals were concluded recently due to tight availability of raw material as prices of finished steel impacted the scrap market. UK/EU-origin shredded stands at $515/t CFR Nhava Sheva, down $5/t against last week. Dubai-origin HMS (80:20) offers are at $455/t CFR, down $3/t compared…