Tag: India-bound scrap freights weaken
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India-bound scrap freights weaken on key routes on subdued cargo demand
Weak booking activity weighs on freights in key trade lanes Peak-season demand supports broader freight indicators India-bound ferrous scrap container freight rates remained under pressure in the week ended 9 July. Imported ferrous scrap sentiment remained bearish as weak domestic steel demand and unfavourable import economics continued to discourage buying. Mills limited procurement to immediate…