Melting scrap prices observed nominal fluctuations by INR 100-200/t in most of the scrap markets, trade sources reported to SteelMint. In the Alang market, ship-breaking scrap prices fell by INR 400/t on a d-o-d basis. Adequate availability was reported in the Jalna market, however northern and southern regions observed tight availability. According to trade participants, near term prices may remain range-bound without any major contraction.
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