Tag: USD impact on scrap imports
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India: Imported aluminium scrap prices decline w-o-w on weaker LME cues
Buying activity slows across scrap market Strong dollar pressures scrap procurement India’s imported aluminium scrap prices traded lower w-o-w, tracking softer trends in LME aluminium prices. According to BigMint’s latest assessment for CFR Nhava Sheva deliveries, UK-origin zorba 95-5 scrap prices declined by $15/t w-o-w to $3,025/t from $3,040/t previously, reflecting subdued buying interest and…