India: Melting scrap prices rise by INR 300/t in Alang

Heavy melting scrap (HMS 80:20) prices in Gujarat’s Alang market increased by INR 300/t to INR 37,300/t exw on 4 Jan’22. The market witnessed active buying enquiries and transactions in semis and finished steel products during yesterday’s trading session. As a result, suppliers raised their offers today.


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