India: Aluminium scrap import prices up w-o-w as LME futures rise

Aluminium imported scrap prices moved up w-o-w following the rise in LME futures which rose by over 2%. Trade channels said that aluminium scrap transactions as well as buying inquiries have improved compared to the previous weeks. Participants expect that the near-term prices are likely to remain range-bound without any major contraction, SteelMint learned.