Author: Rashi
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India: Ferrous scrap import prices down $5/t, trades subdued
Ferrous scrap import offers to India dropped by $5/t on 1 Jun’21 on limited trades compared to the week that ended 28 May’21, as per SteelMint data. SteelMint’s assessment for UAE-origin HMS 1&2 (80:20) scrap was heard at $465/t, CFR Nhava Sheva. However, dull sentiments weigh on trades. The scrap import market remains quiet on…