Tag: India: What led to increase in domestic scrap prices in early Apr’24?

India: What led to increase in domestic scrap prices in early Apr’24?

Apr 8, 2024

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by

Tarun Naidu

in Melting Scrap

Domestic scrap prices in India are rising. Prices of domestic HMS (80:20) scrap, for instance, showed a hike of up to INR 3,600/tonne (t) w-o-w, especially in Mandi Gobindgarh, in the first week of April (1-5 April). Similarly, HMS prices in the Chennai and Jalna markets also improved by INR 400/t to INR 800/t in…