Melting scrap prices on 14 Sept’21 remained positive or flat, across key regional markets, as per SteelMint assessment. Scrap prices remain supported mainly due to prices of substitutes (sponge iron) holding up and the overall positive movements in semi-finished and finished steel prices amid inadequate scrap supply at a few locations. Prices on a daily basis may fluctuate slightly, trader sources informed SteelMint.
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