Melting scrap prices today rose by up to 2% d-o-d in Raipur, Central India tracking higher raw material (Iron Ore) prices and a surge in sponge iron and semi finished steel prices. However other scrap-based markets remained positive with prices moving up by around 300-500/t due to lack of availability of material. The prices in the near-term may continue upward trend, trade participants told SteelMint.
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