Tag: Middle East
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GRI will keep Imported Scrap Offers firm- Importers
Scrap offers from Europe are expected to rise by upto USD 5-10/MT on account of implementation of GRI (General Rate Increase) on freight of containers transported from Europe to Asian countries w.e.f from Apr’15. GRI is average increase in freight rates of containers, which is largely due to demand-supply and oil rate in global market. Last…