Western India: Melting scrap prices inch up

Melting scrap prices improved by INR 200-300/t d-o-d to INR 23,500/t and INR 24,700/t in Jalna and Alang market, respectively, owing to improved sentiments across the region. SteelMint learned from market participants that near term prices may inch up further due to inadequate availability as well as improved buying inquiries in finish steel.


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