India: CRCA busheling scrap prices erode on dull semis’ prices

CRCA busheling scrap prices witnessed a marginal correction of up to INR 400/t in key markets, except the southern region, on stable semi-finished steel movement. However, prices remained range-bound in the western region, albiet with nominal variations. CRCA busheling scrap offers are assessed at INR 43,100-43,500/t in Mandi Gobindhgarh, INR 40,300-40,600/t in Chennai, and INR 40,800-41,200/t in Jalna – all on a DAP basis.


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