Indian melting scrap market observed major price fluctuations today by around INR 100-900/t. Prices in the Northern region inched up whereas the same in western region remained range-bound. However, in the southern region, prices witnessed the highest fall of INR 900/t. There was a wide gap in offers and bids as buyers were holding their procurement with an expectation that offers may cool down soon, however availability remains a concern considering bids, trade participants reported to SteelMint.
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