India: Ferrous scrap prices continue to remain volatile

Domestic ferrous scrap prices continued to remain in uncertain territory on 28 Mar’22, with prices increasing by up to INR 800/t in some locations while dropping by around INR 1,100/t in some other markets due to a downtrend in semi-finished steel prices. The near-term price scenario remains unclear due to the prevailing uncertainty in steel prices, trader sources informed.


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