Following the conclusion of two deals for imported scrap in Turkey, sentiment in India has begun to surge on the back of panic over prices going up.
A recovery in demand for finished steel amid the festive season in India has further aided Indian sellers in hiking their offers. Buyers, however, are seen worried amid the devaluing rupee against the dollar, which is currently hovering at INR 81.53/USD.
A good quantity of scrap was booked earlier this week on the a…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.