Steel melting scrap prices witnessed nominal corrections on a d-o-d basis over limited semi-finished and finished steel movement, according to SteelMint assessment. Major scrap markets observed peripheral fluctuations by INR 100-300/t (DAP). Western and southern region markets observed limited availability of material which led to marginal increase in today’s prices. Near term prices may remain supported, particularly in the Jalna and Chennai market, market sources expected.
Leave a Reply