Category: Uncategorized
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Domestic scrap held price advantage over imports in 2025
Imported shredded scrap offers remain largely unappealing to Indian buyers amid the domestic downturn. Shredded scrap is currently being quoted at $360-365/t CFR Chennai, equivalent to INR 31,500-32,000/t, placing it at parity or a slight premium to domestic HMS. Given the elevated ocean freight rates and a sharply depreciated rupee, imported material is being booked…