Melting scrap prices fluctuate across major Indian markets

Melting scrap prices have witnessed minor changes across the Indian markets. In the Northern and Southern region (Chennai market), prices remained supportive whereas in the Western region (Gujarat market), the same fell marginally by INR 200/t. Scrap prices in the near-term are likely to inch up considering healthy semi-finished steel transactions, particularly in Western region, trade channels reported to SteelMint.