Tag: MS Scrap
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India: Ferrous scrap prices down 1% on low buying interest
Melting scrap prices inched down by up to INR 300/t across markets, except Alang where shipbreaking scrap offers moved up by INR 100/t on average semi-finished steel transactions the day before. Falling scrap offers were largely due to low buying interest, particularly in the western and northern regions, as accumulating finished steel inventories resulted in…