Indian rupee devaluation hits Middle Eastern non-ferrous scrap flows

The weakening of the Indian rupee against the dollar in recent weeks, combined with increased Indian import duties, has led to a sharp reduction in scrap flows to the Asian country, according to one Middle Eastern recycler.

The devaluing of the rupee, a factor which recently brought containerised US ferrous scrap exports to India to a standstill, has now begun to affect non-ferrous scrap flows, according to...


Fleur Ritzema

June 27, 2013

15:35 GMT