Author: Nikita Shukla
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India-bound ferrous scrap freights diverge; Atlantic firm while Pacific rates drop w-o-w
Container shortages, demand from competing destinations support freights Buyers prioritise freight reliability amid cautious purchasing India-bound ferrous scrap container freight sentiment remained mixed, with rates rising on some routes despite subdued scrap demand. Tight container availability and stronger demand from alternative markets, particularly Indonesia, supported freight levels, while easing space constraints at Australian ports and…