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12 Aug

Indian scrap market remains stable, anticipates rising

Indian imported scrap prices have remained stable on-week on the back of limited buying interest from the mills. UK-origin and US-origin shredded scrap offers have firmed at $525-530/tonne cfr Nhava Sheva. European shredded scrap offers clocked at $535-540/t, but buyers are hesitant to pay high for EU shredded. “The market is rising, buyers are becoming active now to book long voyage shipments, especially from Latin America region, including Brazil, an…
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