Tag: Imported scrap prices to India
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India: Imported scrap trade supported despite price rally, outlook optimistic
India’s imported scrap market has continued to remain active this week, despite witnessing a price rally tracking global movement on the back of supply concerns from CIS nations. Global ferrous scrap offers hit an all-time high after a recently concluded Turkish deal. SteelMint’s assessment of US-origin HMS 1 & 2 (80:20) prices is at $585-590/t…