Author: Kameshwar Rao
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India: Ferrous scrap prices decline on poor finished steel demand
Steel melting scrap prices observed a major correction of up to INR 500/t across scrap-based markets in the country on 28 Jun’21, with the exception of Ludhiana in Punjab due mainly to supported semis prices, as per SteelMint reports. Prices declined across markets owing to poor off take of finished steel products during the typically…