Intel Details

India: Melting scrap prices drop on limited steel trades

Melting Scrap
26 May 2022, 18:35 IST
Steel Mint Intel

Melting scrap prices witnessed a downward correction across key markets on 26 May 2022. Decreasing sponge iron prices and limited trades in semi-finished and finished steel markets weighed down scrap prices. On the contrary, western-based Alang market prices rose by INR 1,000/t d-o-d due to rise in buying enquiries and bookings concluded by local buyers in yesterday's session, SteelMint notes.

26 May 2022, 18:35 IST
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