India: Melting scrap prices witness minor fluctuations

Melting scrap prices witnessed minor fluctuations of INR 200-600/t over dull finished steel transactions along with modest availability. Alang market saw a major drop of INR 600/t while prices in the southern region gained. Near term prices may see a slight drop following finished steel movement or buyers can adjust their bids as per price trend, trade associates shared with SteelMint.


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