Author: Abhishek Bhalla

Aluminium scrap prices (all grades) remained largely stable on a d-o-d basis. A marginal recovery in LME three-month futures prices following a decline in inventory levels at registered warehouse stocks supported scrap prices. Aluminium tense scrap prices are assessed at INR 174,000/t ($2,282/t) exy-Delhi, excluding GST. Prices in the near-term are likely to stay firm,…