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26 Aug

Indian imported scrap market recovers on active demand

Indian imported scrap offers rose on the back of demand coupled with the bookings by mills for October deliveries. UK- and US-origin shredded scrap offers are hovering at $525-530/tonne cfr Nhava Sheva, a market source says. However, European shredded scrap offers plunged on-week to $520-525/t. “Owing to holidays in Europe, very limited buying from the European countries is happening. We are focusing more on UK and US origin,” says a west …
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