Tag: shortage of scrap
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India: Scrap Shortage pushed up Semi Finish and Finish Prices in a Week’s Time
Shortage of Scrap and low Ingot production has resulted in a hike of around INR 300-500/MT of Semi finished and by about 200-500/MT for Finish products within a week’s time. MS Ingot/Billet manufacturers continue to improve their offer owing to shortage of Scrap and low production that intact the demand. Market participants expect that, ‘The…