Tag: HMS 1&2

Is depreciating Indian Rupee impacting Imported Scrap Offers?

Dec 22, 2014

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by

Admin Operation

in Uncategorized

Imported HMS 1&2 Scrap offers remain firm at USD 310-317/MT and Shredded at USD 335-340/MT, CIF India. While, Rupee has depreciated by 2.5% M-o-M. Despite depreciating Indian currency, imported Scrap offers to India remain firm at USD 310-315/MT from European nations and USD 315-317/MT from Middle East countries. Rupee has fallen to 63.22 against US…