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21 Sep

Indian imported scrap softens on slowed domestic market

The Indian imported scrap market softened on the back of sluggish domestic steel demand amid rains in many parts of the nation, slowed offtake for billet and rebar, and cash liquidity issues. This follows consecutive bookings done by the Indian mills in the prior week; however, trades turned bearish following the Ganesh Chaturthi festival on Tuesday, sources tell Kallanish. Two bulk deals were reported to conclude late last week and earlier this week. A booking fo…
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Sayed Aameer  |  India
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