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18 May

Indian scrap offers increase amid UAE material shortage

Following the recent detention of 800-1,200 United Arab Emirates-origin HMS containers by Indian Customs, scrap offers from other origins have risen marginally in India. The UAE material shortage coincided with improving sentiment in the domestic market, resulting in higher-price acceptance from Indian buyers, sources tell Kallanish. "India was previously importing around 100,000 tonnes of scrap from UAE before the ban, but after the ban in October, the …
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