Author: Piyush S Verma

Melting scrap prices were down by INR 200-500/t d-o-d in major consuming markets of India. Current trade reference price for HMS (80:20) stands at INR 25,600/t Jalna, INR 25,700/t Chennai (DAP). Adequate availability of scrap in domestic market, limited trades and buying inquiries in semi-finished & finished steel market along with falling sponge iron prices…