Domestic melting scrap prices moved up by INR 100-300/t d-o-d for the second consecutive day, due to increase in finished steel price mainly in western region. Current trade price for HMS (80:20) is assessed at INR 23,900-24,100/t Jalna and INR 22,700-23,000/t Chennai (DAP). Near-term scrap prices may remain supportive due to active demand in finished steel, sources shared to SteelMint.
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