Author: Yashika Agrawal

Firmer billet and rebar prices supported scrap sentiment Mills remained cautious on fresh buying Alang’s ship-breaking melting scrap prices for HMS 80:20 increased by INR 1,500/t day-on-day (d-o-d) to INR 38,500/t ($401/t) ex-yard on 29 September. The steep one-day increase reflected a combination of firmer semi-finished and finished steel prices, higher raw material replacement costs…