Tag: Imported Scrap

Imported scrap demand in Indian market continues to remain weak owing to low billet prices. Smelters prefer domestic scrap and sponge iron (DRI) over imported scrap. Indian Offers Offers for HMS 1&2 (23 tonnes load) from Middle East are assessed at USD 215/MT CFR Nava Sheva and HMS 1 (25 tonnes load) from Middle East…