Category: Uncategorized
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India: Melting scrap prices fall by INR 300/t in Alang
Melting scrap prices in Gujarat’s Alang dropped by INR 300/t today. The trade reference price for HMS (80:20) is assessed at INR 37,200/t, while attachment scrap prices stand at INR 38,200/t. Limited transactions in semi-finished steel and lack of demand for finished steel have led to the fall in scrap prices. However, cutting operations and…