Author: Akshay Bedekar

Melting scrap prices in Alang fell by INR 400/t today. HMS (80:20) prices are at INR 37,000/t while attachment scrap prices are assessed at INR 38,000/t. Semi-finished steel prices were rangebound and slow trading activity plus the lack of transactions in the spot market resulted in the lowering of scrap offers today but in few…