Intel Details

India: Melting scrap prices drop on bleak steel sentiments

Melting Scrap
27 Aug 2021, 18:58 IST
Steel Mint Intel

Melting scrap prices witnessed a correction across regional markets on 27 Aug'21. Prices in most scrap-based markets fell by up to INR 500/t on account of the continued downtrend in sponge iron, semi-finished and finished steel prices as well as the downswing in global scrap prices. However, the Chennai market remained supported due to tight availability, trader sources informed.

27 Aug 2021, 18:58 IST
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