India: Melting scrap prices strengthen by up to INR 500/t on improving bids

Melting scrap prices advanced owing to improving bids as well as better trade activities in semi-finished steel in specific markets. Further, it is expected that finished steel trades may support melting scrap prices on a d-o-d basis. Near-term price range may continue to rise without any major changes, trade channels reported to SteelMint.


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