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India: Imported SS scrap prices edge down amid 5% drop in LME nickel

Source: BigMint Oct 22, 2024 08:30

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Offers still high for most buyers. Demand from Europe slows down.

India's imported stainless steel scrap prices dropped by up to $15/tonne (t) w-o-w, driven by a decline in LME nickel prices and weak buying interest. In contrast, domestic stainless steel scrap prices remained unchanged for the week. Overall market activity continued to be sluggish due to weak demand in

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