Author: Reena
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India: Mills expect further correction in scrap import offers
India’s scrap import market is gradually gaining momentum from the end of last week as enquiries for imported scrap have been picking up slightly. However, only limited deals have been heard as mills are eyeing a correction in prices in the near-term. SteelMint’s assessment for UAE-origin HMS 1 is now at $490/t CFR Nhava Sheva.…