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Owing to diminishing steel demand in the domestic and global markets, Indian ferrous scrap imports plunged 19.8% on-year to 410,855 tonnes in November, against 512,284t a year earlier. Indian scrap imports also plunged 3.54% on-year in April-November to 3.22 million tonnes, according to Indian commerce ministry provisional data. United Arab Emirates and the US were by far the largest suppliers to India in November. Imports from UAE grew 5.55% to 106,251t but from …
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