India: Melting scrap prices fall by INR 200/t in Alang

Melting Scrap prices fell marginally by INR 200/t in Alang. The trade reference price of HMS (80:20) is assessed at INR 37,000/t, while attachment scrap prices are at INR 38,000/t. Trade participants seem cautious amidst mixed sentiments in the market and disparity in offers and bids prompted an adjustment in scrap offers today, trader sources shared.


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