Tag: Imported Scrap

Retreat in steel prices last Friday after a sharp increase has made Indian scrap buyers little cautious. Indian steel prices corrected by around INR 1,000-1,500/MT in the later half last week, which had surged up by INR 3,000-4,000/MT on MIP imposition. Indian scrap buyers/importers, who were active last week on the backdrop of bullish sentiments,…