India: CRCA busheling scrap prices under pressure on dull semis’ movement

CRCA busheling scrap prices witnessed a noticebale correction of around INR 800/t in Punjab market due to lack of demand in semi-finished products. However, prices remained range bound in western and southern markets. CR busheling scrap offers are at INR 48,000-48,400/t in Mandi Gobindhgarh, INR 48,000-48,400/t in Ludhiana, INR 45,900-46,300/t in Jalna and INR 48,100-48,500/t in Chennai – all on a DAP basis.


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