In a reported published Monday morning GMS said prices in India have slipped by as much as $20.00 per ldt over the past week.
The firm, which claims to be the world’s largest cash buyer of scrap tonnage, suggested that the decline, in part, can be attributed to seasonal variables.
It noted that the demolition market tends to slowdown in the weeks leading up to the monsoon season in Southeast Asia and said there’s a strong chance "the peaks for this year have quite likely been reached”.
"The
