Tag: Indian Scrap Prices
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Indian Scrap Prices Surge by INR 500-1,000/MT on Expensive Imports
Domestic melting scrap prices have risen sharply by INR 500-1,000/MT (USD 7.7-15/MT) owing to limited availability of imported scrap in Indian market amid depreciation in Indian currency and firm offers in global market. Indian Rupee corrected over 3.5% in last 2 weeks post devaluation of Chinese yuan. Ship breaking prices this week rose sharply by…