Melting scrap prices witnessed uneven variations across markets on 24 Jun’21, with prices slipping by INR 500/t in certain markets and rising by a similar level in certain other scrap-based locations. Trader sources have turned cautious and are looking for stable sentiments, anticipating that scrap prices are unlikely to witness any further correction due to improved capacity utilization levels, especially in the northern region. However, the current scenario may push prices southwards in the western region, SteelMint learnt from sources.
Leave a Reply