Author: Manish Vasdev
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Indian HMS Scrap Prices Down by 10% M-o-M
Indian domestic scrap prices fell by 10% in last one month owing to declining prices in seaborne market. Domestic prices have corrected by upto INR 1,500/MT (USD 23/MT). Whereas, global prices have corrected by upto USD 30/MT during the same period. Market participants expect that global prices have almost bottomed out and at these levels…