Tag: US Offers
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Strong INR favors Indian Scrap Importers; supported by US Price Corrections
Strengthening of Indian currency may draw feasibility for Indian Scrap importers. The Indian rupee has appreciated against the greenback settling at INR 61. Slowly, but the appreciating currency is bringing import parity for Indian Scrap importers. This appreciation in currency has made Scrap cheaper by around INR 300-400/MT [(USD 360/MT * INR 62) – (USD…