12
Oct
15:24
Israel war impact worries Indian scrap importers
Amid the prevailing sluggishness in Indian domestic steel demand, Indian mills are worried about global scrap prices going down on account of the war in Israel. The majority of importers feel global scrap prices will plunge as a direct result of a possible slash in Turkish rebar exports to Israel, which would impact Turkish scrap intake.
The war could also further appreciate the dollar versus the Indian rupee, making imported scrap more expensive, considering the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous