Author: Piyush S Verma
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Western India: Melting scrap prices increase by INR 500/t ($7)
Domestic melting scrap prices in major consuming markets of western region increased by up to INR 500/t d-o-d. Consistent rise in finished steel prices and adequate transactions, lifted domestic scrap prices. Also, strengthening global scrap prices remained another major factor behind price rise, sources shared with SteelMint.