Tag: domestic scrap rates

Bid-offer disparities pressure trades for imported scrap Major mills pause new scrap bookings, cut purchase prices India’s imported and domestic stainless steel (SS) scrap prices dropped by up to $50/t and INR 4,000/t w-o-w, respectively, as London Metal Exchange (LME) nickel tags plunged to a nearly five-year low, hovering at around $14,000/t earlier in the…