Cold Rolled Close Annealed (CRCA) busheling scrap prices declined by INR 300-600/t across major markets. Falling semi-finished steel prices weighed on scrap offers. However, the fall in prices for prime grades is much less drastic compared to HMS 80:20. This could create selling pressure in the market in view of the possibility of an imminent correction in prices, SteelMint understands.
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