Intel Details

India: Scrap prices drop on slow finished steel sentiments

Melting Scrap
7 Oct 2021, 18:38 IST
Steel Mint Intel

Melting scrap prices fell in most regional markets on 7 Oct'21. Lack of buying enquiries for finished steel pressured semi-finished steel prices, which ultimately impacted scrap prices in key markets. The Chennai market, however, witnessed an uptrend in semi-finished steel prices amid supply concerns. A minor correction is expected in the near term, trade participants informed.

7 Oct 2021, 18:38 IST
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