CRCA busheling scrap prices edged down sharply by INR 700/t today in Mandi Gobindgarh, Punjab. Prices in other markets, too, fell by INR 200-400/t. Falling semi-finished steel prices amidst lack of finished steel movements put CRCA scrap prices under pressure, despite tight availability in key markets. Only minor changes in prices can be expected in the short term, trader sources informed.
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