Intel Details

India: Melting scrap prices drop by INR 300-500/t on subdued sentiments

Melting Scrap
18 May 2021, 19:51 IST
Steel Mint Intel

Melting scrap prices reversed down by INR 300-500/t on 18 May'21, as sponge iron and semi-finished steel prices fell in most scrap-based steelmaking regions in India. However, in a couple of locations like Jalna and Hyderabad prices remained stable. Prices may witness slight correction in the near term adjusting to broader market movements, SteelMint gleaned from trade channels.

18 May 2021, 19:51 IST
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