Tag: LME nickel price impact
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India: Stainless steel scrap procurement slows on adequate stocks
Scrap buying remains limited due to ample inventory LME nickel price rebound yet to boost market sentiments India’s stainless steel scrap market continued to remain weak in the week ended 26 December, with major mills slowing procurement amid comfortable inventory positions and increased reliance on other cost-effective raw material substitutes. In the imported scrap segment,…