Tag: Imported scrap prices to India
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India: Imported scrap trades remain sluggish on bearish market sentiments
Imported scrap market in India has observed limited trades since almost one and a half months. This week too market remained sluggish due to bearish sentiments in secondary steel segment. However, in a major boost to the industry, govt. has removed 2.5% import duty on ferrous scrap in the Union Budget FY’21-22. SteelMint’s assessment for…