Intel Details

India: Ferrous scrap prices rally on positive market sentiments

Melting Scrap
24 Dec 2021, 18:51 IST
Steel Mint Intel

The ferrous scrap market witnessed positive trends, with prices moving up by INR 600/t across markets on 24 Dec'21. Healthy semi-finished steel and sponge iron prices strengthened the bids placed by induction furnace mills, which resulted in better melting scrap movement today. However, trading in finished steel is yet to gather momentum. This may keep scrap prices rangebound, trader sources informed.

24 Dec 2021, 18:51 IST
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