Author: Manish Vasdev

Competitive imported scrap offers in global market are persistently attracting Indian steelmakers. This in turn has led to decline in Indian ferrous scrap prices by INR 700-1,000/MT M-o-M across major markets like Mumbai, Punjab, Chennai and Gujarat. In contrast to domestic HMS scrap prices, imported HMS scrap offers have dipped by USD 15-20/MT (INR 990-1,320/MT)…