Demand for imported scrap remains sluggish in India

India’s imported scrap market is being held back by rupee depreciation, the fall in domestic prices and slow demand for finished products, sources told Steel First on Friday May 29.

Low prices for finished steel, particularly the falling price of billets in the Indian market, remained a major concern for steelmakers. Consequently, they continue to prefer domestic scrap or direct...


Antonio Peciccia

May 29, 2015

19:07 GMT