Author: Kameshwar Rao
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India: Melting scrap prices fall further on cautious buying
Steel melting scrap prices declined further across major Indian scrap-based markets on 2 Jul’21, as per SteelMint reports. Prices slipped by INR 700/t in Hyderabad, while in several other markets prices corrected by INR 100-200/t due to prevailing uncertainty over steel prices. However, in markets in western India such as Gujarat, offers remained stable. Scrap…