Author: Abhishek Bhalla
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India: Domestic Scrap Prices Rise Amid Lower Availability
Domestic Scrap prices increased by around INR 300-900/MT ($4-13) W-o-W amid gain in steel prices of mid sized mills. SteelMint learned that limited domestic generation, lack of bulk scrap bookings and improved demand of finished steels in particular regions has supported domestic scrap prices leading to slight rise in prices. Further, Indian currency has remained…