Melting scrap prices witnessed uneven variations across markets on 9 Sept’21, with prices dropping by INR 500/t, especially in the Alang market mainly due to offer-bid disparity amid speculative outlook regarding producers’ conversion margins. Prices remained supported in the Punjab market on tight material availability and improved demand in semi-finished steel amid prospective lower utilisation. The current scenario may keep supporting prices in the northern region, SteelMint learnt from sources.
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