21
Jul
15:49
India resumes bulk scrap bookings amid falling sentiment
Amid seesawing containerised imported scrap offers and the devaluating rupee, Indian mills have resumed booking bulk scrap shipments to hedge themselves against the unpleasant and unforeseeable market conditions.
This follows the four bulk bookings done by Indian mills last month. Containerised scrap offers have also started sliding this week after witnessing multiple hikes in prior weeks, sources tell Kallanish.
An Indian trading firm has booked a US-origin 32,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous