Indian aluminium tense scrap prices held steady d-o-d at INR 171,000/t ex-Delhi. LME futures stood at $2,570/t, owing to excess inventories in the automobile sector, which reduced demand for scrap. Meanwhile, the vehicle scrapping policy’s activation has been received positively by traders, with Surat, Vizag, and Barmer in Rajasthan ready for scrap processing. However, the market awaits clarity from the upcoming BIR Conference.
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