Tag: Imported/Shreded Scrap

Indian domestic Scrap prices fell to 4-year low level due to falling Billet & Scrap prices in the global market. Challenging global environment for steelmakers coupled with significant overcapacity of Steel in China has somehow affected the Indian market. Scrap prices in domestic market have plummeted to a 4-year low level in May’15. Oversupply of Billet…