Author: Kameshwar Rao
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Indian Melting scrap prices weaken on limited trades
Melting scrap prices continued to head southward over bearish sentiments. Prices moved down by approximately INR 1,100/t in Mandi Gobindgarh, Northern region and in Alang, Western region owing to limited trade inquiries in the market. However, the other part of western region particularly Jalna, Kandla & Mumbai, saw slight downward corrections in prices by around…