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SA: Imported scrap prices proceed to slip on bearish beliefs

Gangya Metal702 people have read

At the same time, Indian customers were silent as well as did not book material as a result of the upcoming Diwali festival. A lot of customers bought on smaller sized lots from residential providers. Likewise, power cuts as well as coal rate walks resulted in production cuts in Pakistan as well as Bangladesh. SteelMint's cost evaluation The UK-origin shredded scrap prices go to $450/t CFR

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Sophia

South Asia's imported ferrous scrap market remained bearish for yet another day amid thin trading activities. Buyers were not willing to book at higher rates whereas sellers were not lowering their offers due to currency devaluation....

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