India: Aluminium scrap prices drift down on cautious buying

SteelMint’s assessment of domestic aluminium scrap prices dropped marginally by INR 1,000/t d-o-d today. Price cuts by primary aluminium producers and subdued buying enquiries in the domestic market made buyers cautious. However, futures and spot prices at major exchanges recovered d-o-d on improved overseas trade, reliable sources reported to SteelMint.


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