Tag: domestic scrap market update

Market in wait-and-watch mode, demand recovery uncertain Scrap buying muted as mills hold inventories India’s domestic stainless steel (SS) scrap prices slightly inched up w-o-w, while imported scrap prices dipped w-o-w. Meanwhile, nickel prices on the London Metal Exchange (LME) moved up by 3% w-o-w. According to BigMint’s assessment, domestic 304-grade scrap rose INR 500…