Author: Akshay Bedekar

Melting scrap prices in Alang, Gujarat, declined by INR 600/t on 29 Dec’21. The trade reference price of HMS (80:20) is assessed at INR 37,000/t. IF mill owners in Bhavnagar are cautious about procuring material amidst lack of trading activity and the downtrend in billet prices, which resulted in scrap suppliers reducing offers. The conversion…