Melting scrap prices saw slight fluctuations across key markets on 26 Nov’21, as per SteelMint reports. In the northern region, scrap prices saw an uptick of around INR 800/t following an improvement in semi-finished steel prices amid supply shortage. Meanwhile, in other few markets, prices either slightly corrected or remained stable on a d-o-d basis. Scrap prices in the near term are likely to remain range bound without any major changes, trader sources informed SteelMint.
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