Tag: India scrap import prices
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India: Imported scrap offers rise by $20/t, trades remain subdued
Imported scrap offers in India have rallied this week tracking the hike in Turkey prices. However, trades continued to remain slow on lower finished steel sales, production cuts on oxygen supply constraints and preference for domestic substitutes like scrap and sponge iron. The spread of Covid-19 in the country has caused oxygen shortage and mills…