Author: Akshay Bedekar

Melting scrap prices in Alang fell by INR 500/t today. HMS (80:20) prices are at INR 38,500/t exw, while attachment scrap prices stand at INR 39,500/t exw. Semi-finished steel prices fell on slow trading activity yesterday and the lack of transactions in finished steel products in the spot market led to the decline in scrap…