Ferrous scrap prices remained largely supported in most of the scrap-based markets today. A maximum surge of INR 500/t was witnessed in the western region, especially in the Alang market, whereas prices in the northern and southern regions remained rangebound today. Prices may witness minor fluctuations on a day-to-day basis due to limited buying enquiries for finished long steel products, particularly re-bars, as per SteelMint reports.
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