Melting scrap prices extended gains by up to INR 800/t as markets turned optimistic on a positive outlook. Buyers have raised their bids on healthy future bookings of finished steel while a few markets have closed bookings. Prices in the near term are expected to remain supportive and likely to increase by around INR 300-400/t d-o-d basis specifically in Western region, trade associates reported to SteelMint.
Leave a Reply