Tag: Middle East Scrap
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Imported Scrap Offers to India Remain Flat
Indian importers resist imported scrap on subdued steel demand along with depreciating Rupee. Week 24 has begun with no major change in offers for scrap. Demand, too, continued to remain dull with no much active bookings. Currently offers from Middle East for HMS 1&2 (23 tonnes loading) are at USD 260-265/MT. HMS 1 (25 tonnes…