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After successive bookings recently, Indian scrap importers reduced their intake of imported materials. Moreover, the readily available imported scrap stocks in Kandla and Chennai port continue to feed the urgent requirement of Indian mills, which further plummeted the new bookings for containerised cargo, Kallanish notes. This week, offers for US-origin HMS and shredded mix bulk cargoes are noted at $425-430/tonne cfr Kandla and Chennai; however, no deal was …
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