Tag: Imported Scrap Prices India
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India: Imported Shredded Scrap Prices Plunge in Recent Trades
In recent conversations with market participants, SteelMint learned that Indian market has observed limited trades in imported scrap market. However, further currency depreciation this week led to a situation of panic in the market. Indian Rupees hit record low above 70 against USD. Thus, scrap imports have turned costlier and less viable at the moment…