India: Aluminium scrap prices range-bound d-o-d

Aluminium scrap prices of a few grades remained largely stable while prices of other grades inched up by INR 1,000/t on a d-o-d basis, SteelMint assessment shows. Scrap prices, especially tense grade, have been in a tight range over the last few days whereas other grades have improved slightly. Trade sources expect that the rising price trend of other grades could support tense prices in the near term.