Tag: Imported scrap from US
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Shredded Scrap Offers to India Stable on Limited Trade Activities
Indian buyers have shown resistance for imported scrap due to consistently declining steel prices in domestic market. Indian steel prices have observed a downfall of around INR 1,500-2,500/MT (USD 23-38) during October. Market participants mentioned that current offers for Shredded scrap (ISRI 211) from Europe are assessed at USD 195-200/MT, CFR Nhava Sheva port. Whereas,…