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25 May

Indian imported scrap inches up, sentiment remains low

Indian imported scrap offers in containers have inched up marginally this week; however, sentiment continues to remain low amid a slowed domestic market. Scrap purchases are down, there is no clarity on the United Arab Emirates-origin detained HMS cargoes, and the offtake of finished steel is expected to remain subdued, sources tell Kallanish. Offers for containerised UK- and EU-origin shredded scrap grew marginally, by $5/tonne on-week to $435-440/t cfr Nhava She…
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