Tag: Indian Imported Scrap Prices
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India: Imported Scrap Market Inquiries Up on Strengthening Rupee
SteelMint learned from market participants that Indian imported scrap market observed increased inquiries on strengthening of Rupee against USD. However, offers remained almost stable after moving down by USD 10/MT over the week following slide in global offers. Limited trades concluded as market observes “wait & watch” scenario. Participants turn hopeful on pickup in trade…