Steel melting scrap prices remained supported in most markets today, rising in the range of INR 200-500/t except in Alang, Gujarat, and Durgapur in the eastern region where it corrected slightly by around INR 500/t owing to lower trade volumes in semi-finished steel during yesterday’s trading session, particularly in Alang. The near-term price outlook may remain positive in a few markets in western India, sources informed.
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