Author: Manish Vasdev
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Indian Scrap Offers Up On Rising Semis Prices
Significant price rise of sponge & billet led to increase in Indian scrap prices by INR 400-1,000/MT (USD 6-15). HMS Scrap prices in west & south India rose by upto INR 1,000/MT W-o-W. Billet manufacturers in Maharashtra reported that they are currently melting 75-85% domestic scrap and the remaining melting is of sponge. High cost…