Melting scrap prices edged higher in major scrap-based markets on 11 Aug’21, as per SteelMint assessment. Prices moved up by around INR 700/t, particularly in the Punjab market in north India on account of improving semi-finished steel prices. Similarly, other regional markets too witnessed a marginal price uptick owing to price support from substitute products and finished steel products. Prices may witness minor fluctuations in the short-term, trader sources told SteelMint.
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