Steel melting scrap prices saw minor variations across major markets, as per SteelMint’s assessment. In the Northern region, prices witnessed minor corrections whereas in the Western and Southern regions, the same remained supportive, moving up by up to INR 500/t. Trade associates reported very few transactions as the sellers are in short of material due to limited segregation. Scrap prices in the near-term are less likely to see major corrections, market sources said.
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