Tag: India imported scrap price
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India: Imported scrap prices drop, currency depreciation impacts trade activities
India’s imported scrap prices fell further this week with very few bookings recorded. The steep currency depreciation and sharp volatility in global scrap prices kept trade activities limited. Indian Rupee (INR) depreciated to 77.5 versus dollar ($) against 76.9 levels seen a week ago. Meanwhile, domestic prices too, fell to around one-month low on negative…