Major steel scrap markets have observed slight adjustment in prices, today by INR 100-200/t on a d-o-d basis. Most of the mills in western & northern India are maintaining decent scrap inventories and thus procurement is a bit slow, SteelMint learnt from trade participants. The sources in western region believed that local scrap prices would remain volatile on account of sufficient supply, fluctuating billet prices & tightening global offers.
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