India: Aluminium scrap prices remain rangebound

Aluminium scrap tense prices remained rangebound in the last couple of days but corrected downwards by INR 1,000/t w-o-w, SteelMint assessment shows. Some manufacturers said that the market lacks adequate demand resulting in limited capacity utilisation. However, scrap availability is just about average, particularly tense and utensils scrap, whereas other grades improved on supply tightness, trader sources informed.


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