India: Melting Scrap prices down by INR 100/t in Alang

Melting Scrap prices in Alang fell further by INR 100/t on 22 Dec’21. The trade reference price of HMS (80:20) is assessed at INR 36,200/t, while attachment scrap prices are at INR 37,200/t. Scrap prices have edged down on account of falling steel billet prices due to limited demand for finished steel products.


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