India: Aluminium scrap prices remain rangebound

  • Aluminium scrap prices remained rangebound for most grades, while utensil and taint tabor rose by INR 1,000/t ($13/t) today as against 13 May’22.
  • Frequent changes in LME three-month prices, which were recorded at $2,788/t on the last trading day, impacted buying interest in the domestic market.
  • SteelMint assessment for aluminium tense scrap was recorded at INR 161,000 ($2,069/t), stable as against the last trading day.

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