India: Domestic melting scrap prices remain range-bound

Domestic melting scrap prices remained stable in Chennai, while the same fell by INR 100-200/t on d-o-d basis for the second consecutive day in most of the major consuming markets. In Alang (Gujarat), scrap price inched up by INR 100/t following some positive sentiments in the market. The current trade price is recorded at INR 23,600-23,800/t in Jalna and INR 23,300-23,600/t in Chennai (DAP).