India: Melting scrap prices rise by INR 500/t in Alang

Melting Scrap prices in Gujarat’s Alang market rose up to INR 500/t, as per sources. Heavy melting scrap (HMS 80:20) is assessed at INR 37,100/t, while attachment stands at INR 38,100/t. Rising steel billet prices and improved trade enquiries in the finished steel segment in yesterday’s trading session prompted suppliers to raise offers.


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