Author: Abhishek Bhalla
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India: Melting scrap prices likely to remain under pressure on weak fundamentals
Melting scrap prices witnessed slight adjustments in sync with semis and finished steel movements, with the price range shrinking by up to INR 500/t across major scrap markets. The Northern region witnessed marginal shortage owing to slow inter-state movement amid the prevailing lockdown, even as the Western region was reportedly impacted by considerable correction in…