India: Major steel scrap markets observe volatility in prices

Domestic melting scrap prices observed slight fluctuations in major consuming regions, varying by INR 100-200/t d-o-d region to region. Prices fluctuate owing to inappropriate buying inquiries in finished steel along with dull sponge iron prices. A few pending dispatches in old deals of semi-finished steel pressured buyers to hold their bids on higher prices, sources reported SteelMint


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