Steel melting scrap prices in India hit an all-time high on bullish sentiments in iron ore and scrap market. Domestic and global scrap prices have been witnessing a significant rise since past few days. However, demand remained weak as buyers retreated to procure scrap at these higher prices. Prices in the near-term are less likely to witness any major changes but may see minor corrections, trade participants reported to SteelMint.
Leave a Reply