30
Jun
15:44
Indian scrap rebounds on improving sentiment, supply shortage
Following a protracted downtrend, Indian imported scrap has surged on the back of improving domestic sentiment amid the delayed monsoon, coupled with the scrap supply shortage and low inventories, Kallanish notes.
After booking back-to-back bulk cargoes, mills are seen agreeing to pay more to secure small quantities to run their operations, until they receive their bulk shipments. Moreover, the delayed monsoon is supporting the construction industry, due to which …
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Anonymous
Very good overview of the weekly steel market.
Anonymous