India: Aluminium scrap prices rebound on supply tightness

Aluminium scrap prices recovered on limited availability of specific grades like extrusion and utensils in the market while tense scrap prices were mostly stable amid low transactions in aluminium alloy ingots ADC12. Domestic prices remained supported on healthy overseas trade of Middle East- and European-origin material, SteelMint notes. Trade channels further expect that near-term prices are likely to remain within a tight range.


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