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11 May

India resumes scrap bookings amid market rebound

With scrap bookings pipelined through 15 June, the majority of Indian steel mills have now begun booking for the second half of June. This comes alongside the domestic rebar market rebound in Turkey, which is likely to lift scrap values, giving confidence to the Indian market and resulting in the resumption of scrap bookings after a brief pause, sources tell Kallanish. Furthermore, the Indian domestic steel market also improved this week, boosting sentiment among …
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