Author: Kameshwar Rao
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India: Melting scrap prices drop on weak steel sentiments
Steel melting scrap prices moved down in most regional markets on 18 Oct’21. The main factors that led to the fall in prices were a correction in semi-finished steel prices and weak buying inquires for finished steel products. However, the Jalna market witnessed slightly positive sentiments due to restrained supply. Meanwhile, at a few locations…