Steel Mint Indian
Scrap Index fall by 0.46 points (0.53 percent) from last week on constant
volume trade and reached to 87.05 points on Wednesday, 06-Feb, 2013.
Domestic scrap prices
remain more or less stable across various cities of India. Limited supply of
imported scrap with steel mills and constant sponge iron prices should support
domestic scrap prices.
“Prices are
constant and expected to be range bound over the reasons that scrap prices in
international market are quite high and sponge manufacturers in domestic market
are unwilling to cut their offers.” said a scrap trader based in
Ludhiana, Punjab.
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