India: Aluminium scrap prices remain supportive d-o-d

Aluminium scrap prices remained largely supported today against the previous closing. A couple of grades improved by INR 1,000/t, whereas the rest remained stable. Trade inquiries and active transactions offered support along with tightness in supplies. However, concerns of alloy ingot selling pressure still continues due lack of exports. Local manufacturers have limited options and are selling at discounts.


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