18
Aug
15:52
Indian imported scrap offers surge despite buyer resistance
The bulk scrap bookings done in June and July by Indian mills have satisfied their prompt needs, as they expect to receive the shipments starting end-August. Buyers have become cautious now and are heard booking material at low prices versus costlier ready materials, which has created a state of resistance to any price hike by sellers, Kallanish notes.
Meanwhile, the upcoming Janmashtami holiday followed by the weekend has further softened purchases and buyers are…
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Anonymous
Very good overview of the weekly steel market.
Anonymous