Tag: Heavy Melting Scrap
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Indian Scrap Offers Reduce on Weak Global Market and Domestic Sentiments
Melting scrap offers in Indian domestic market down by approx INR 1,000/MT in a week. Domestic scrap offers have reduced due to sharp fall in global scrap and domestic billet prices. Also, cheaper sponge availability is pressurizing domestic scrap suppliers to cut their offers in order to attract buyers. In a week, global billet offers…