Author: Kameshwar Rao
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India: Melting scrap prices fall by up to INR 1,000/t ($13)
Melting scrap prices decreased in most of the major markets on 14 Jul’21 owing to the following reasons: Falling prices of substitutes such as sponge iron. Balanced supply of scrap in the market particularly in Northern region. Price correction in semi-finished and finished steel products. Slight correction seen in recent imported scrap deals in Turkey…