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10 Aug

Indian imported scrap offers increase amid inventory shortage

Following a brief uptick in domestic steel prices since last week, the imported scrap market has been growing in India. This week, domestic steel values plummeted amid softened sentiment, but scrap offers are still increasing regardless. On one hand, there is a scrap shortage in the nation, while on the other, finished steel offtake is slow; as a result, the majority of mills are in wait-and-watch mode, sources tell Kallanish. Meanwhile, multiple bulk deals are r…
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Sayed Aameer  |  India
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