India: Melting scrap prices edge higher by INR 100-200/t

Steel melting scrap prices slightly moved up by INR 100-200/t in most of the scrap based markets except in Hyderabad & Alang. Here, prices rose by INR 500/t mainly due to shortage of material. Scrap prices in the near term may continue to see upward corrections, trade participants reported to SteelMint.


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