Southern India mills actively book bulk cargoes as offers drop

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Imported bulk ferrous scrap cargo bookings continue in India as container as well as bulk prices drop globally.
A total of 48,000 t of mixed bulk cargo, comprising shredded and HMS was booked from UK at an average price of $405/t CFR, Chennai.
In another deal, a cargo containing around 22,000 t of USA-origin shredded and PNS, and 11,000 t of HMS was traded at an average price of $409/t, CFR Chennai.

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