Ferrous scrap prices fell by INR 400/t on 28 Dec’21, especially in the Northern region based Mandi Gobindarh market following a correction in semi-finished steel prices and moderate offtake of finished steel products. However, prices increased by around INR 200-300/t in a few western region based markets. The short-term price outlook stays volatile, with prices likely to fluctuate across markets, trade sources informed SteelMint.
Leave a Reply