Melting scrap prices moved up by INR 800/t in the domestic market backed by persistent shortfall of material as well as rising sentiments in the sponge iron and semi-finished steel markets. Also, markets in the southern region continue to witness disparity in bids and offers, as per sources. Prices in the near term are likely to remain range bound till lockdown restrictions are in place across the country, trade sources told SteelMint.
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