India: Rising steel prices lend support to melting scrap prices

Ferrous scrap prices continued to edge higher across most regional markets in the country on 12 Aug’21, as per SteelMint reports. Prices rose by INR 400/t in the Punjab market due to the uptrend in raw steel prices amidst supply tightness. However, in other locations prices remained stable on balanced procurement trends, SteelMint learnt from sources.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *