Tag: Middle East
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India: Imported Scrap at USD 365-370/MT; Falling INR a Concern
The overall imported Scrap market in India remains dull this week. Offers are floating in the range of USD 365-370/MT CFR India, as buying interest remained extremely bearish owing to falling steel prices and weakening Indian Rupee. Sales of finished Steel at major markets has declined to such an extent that the price of imported Scrap…