Author: Nishtha Mukherjee
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India: Will imported scrap demand improve on rising sponge prices?
There is considerable buzz in the Indian ferrous scrap market, both imported and domestic, because of rising sponge iron prices. “There is demand for scrap in the domestic market which is pushing up prices,” an industry insider told SteelMint. It may be mentioned that scrap imports have been showing a downtrend for the last few…