Author: Akshay Bedekar
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India: Melting scrap prices rise further by INR 400/t in Alang
Melting scrap prices rose by INR 400/t in Alang on 1 Jan’22. The trade reference price of HMS (80:20) is assessed at INR 37,400/t exw, whereas attachment scrap prices are assessed at INR 38,400 exw. Improved market sentiments in north and central India as well as active transactions in semis in the Gujarat market prompted…