Tag: South Asia imported scrap prices
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South Asia: India books bulk imported scrap cargoes; prices remain stable
South Asia’s imported scrap prices remained largely stable for yet another day. However, Indian buyers booked bulk ferrous scrap due to the shortage of domestic material. Rise in domestic prices and strong finished steel demand resulted in active bulk scrap buying. A total of 48,000 t of mixed bulk cargo, comprising shredded and HMS was…