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09 Sep

Indian imported scrap rises on domestic supply constraints

Indian imported scrap offers have inched up on domestic scrap supply constraints. Mills have turned to imported HMS 1&2 80:20 scrap in order to continue production, thereby raising prices. Kallanish assessed United Arab Emirates-origin HMS 1 scrap up by $5/tonne on-week to $485-490/t cfr Nhava Sheva. UAE-origin HMS 1&2 80:20 grew $15/t to $485-490/t cfr. West Africa-origin HMS 1&2 assessed at $460-465/t cfr Mundra and $465-470/t cfr Goa. EU-origin HMS …
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