India: Melting scrap prices vary across regional markets

Melting scrap prices witnessed variations on 30 Jun’21, as per SteelMint reports. Traders based in the western region reported that improvement in supplies resulted in prices sliding by up to INR 1,000/t. However, markets in the northern region witnessed price adjustments tracking movements in the semi-finished steel market. Traders remain cautious but feel that prices are expected to stay rangebound in the coming days.


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