Intel Details

India: Melting scrap prices weaken on limited finished steel trade

Melting Scrap
25 Nov 2021, 18:52 IST
Steel Mint Intel

Melting scrap prices corrected lower across regional markets on 25 Nov'21. Prices edged lower in the range of INR 300-700/t in key markets following a correction in sponge iron prices amidst low demand for finished steel products. This, in turn, weighed on semi-finished steel prices. Prices in the near term may witness minor corrections, trader sources reported.

25 Nov 2021, 18:52 IST
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