Tag: Europe Scrap
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Falling Indian Rupee support Scrap Prices in Domestic Market
Indian Rupee falls to 2 month low and prices falling consistently from past 4-5 days. In a week’s time, it fell by 1.67 per unit against USD. Falling rupee has made imports of Scrap expensive. At present, offer from Middle East is at USD 370-375/MT and import from Europe & US is limited owing to…