Melting scrap prices in Gujarat’s Alang further increased today. However, the disparity in bids and offers persisted. Consistently rising finished steel prices encouraged scrap suppliers to quote prices on the higher side. However, buying enquiries are limited at the current levels, SteelMint learned. Trade reference prices for HMS 80:20 stand at INR 48,000-48,200/t and attachment at INR 49,000-49,200/t, on ex-yard basis.
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