Steel melting scrap prices increased by up to INR 600/t in Mandi Gobindgarh in north India today and by around INR 200-300/t in Gujarat and Raipur on account of improvement in sponge iron and semi-finished steel prices. Meanwhile, prices in western India remained stable on normal buying interest. Prices in the near term may remain rangebound, trader sources told SteelMint.
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