Domestic melting scrap prices increased marginally by INR 100-200/t d-o-d basis in almost all the major scrap consuming regions in India except southern India. Consistent rise in finished steel prices along with hike in the prices of sponge iron have pushed scrap price, however availability remained adequate, credible sources of SteelMint said. Current trade price of HMS (80:20) is assessed at INR 23,800-24,000/t in Jalna and INR 22,600-23,000/t in Chennai (DAP).
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