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India: Domestic prompt scrap demand rising amid supply crunch

ABSTRACT

Demand for CR-busheling, also known as prompt scrap, in India, is on the rise due to its low availability in the domestic market.
Prompt scrap - or prime or new scrap, is a by-product of manufacturing industries, especially automotive. It includes CR punchings, turnings, borings, and cuttings. Prompt scrap metal comes in all shapes and sizes.   Some primary and large secondary mills prefer prompt scrap over HMS 80:20 and thus continue to bid in

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