Melting scrap prices remained volatile across markets on 3 Sep’21. In most markets, scrap prices witnessed a correction in the range of INR 100-300/t, except in Alang where prices declined by INR 700/t following a sharp correction in semi-finished steel prices yesterday. However, in Maharashtra prices remained supported owing to tight material availability despite a correction in steel prices. Scrap prices in the near-term are likely to see minor changes, market participants shared.
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