Two and one half months after you posted this, more information has become available. Source: Scrap Metal Bulletin. Instead of buying scrap, it is expected that China will be flooding the market with scrap. Yunkman warned me, put I failed to react. Expect metal prices to fall. India's purchase was short term and metal commodity buyers are buying short. It might be a cold, lonely, and long winter for some of us. Hope I am wrong.
If I was always right, I would be rich from the stock market.
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