Tag: Dubai
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India: Imported Scrap Offers rise; falling Iron Ore Prices worry Importers
Imported Scrap offers flowing down to India from Middle East have spiked nearly by USD 10/MT in a weeks’ time. Indian currency is currently favoring imports. It has retraced back to levels of 59.87 inviting Indian traders to import more & more of Scrap. Appreciation of INR has made Scrap imports viable to the country…