Intel Details

Indian melting scrap prices rally on decent sponge iron deals

Melting Scrap
15 Apr 2021, 19:03 IST
Steel Mint Intel

Melting scrap prices gained by up to INR 1,000/t d-o-d basis on healthy transactions in substitute (sponge iron) products and semi-finished steel. Scrap prices in the near term are expected to remain supportive amid strengthening raw material price movement, trade participants reported to SteelMInt.

15 Apr 2021, 19:03 IST
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