India’s High Melting Scrap Shredded prices shifted lower in late May as mixed early-month signals consolidated into a short-term correction. Early May was supported by tight import arrivals and Red Sea rerouting, which kept a bullish undertone intact. However, mid-May saw procurement slow as domestic mills postponed restocking due to compressed melt-margin economics. By late May, the broader twelve-week uptrend was still visible, but weekly pressures resurfaced, leaving trading sentiment cautious. Logistics disruptions, fluctuating import flows and the rupee’s movement shaped overall positioning, with buyers weighing long-term construction-driven demand against near-term mill hesitation. This created a more measured, wait-and-watch environment for High Melting Scrap Shredded, with pricing momentum losing traction.
India’s High Melting Scrap Shredded market showed uneven momentum through May as demand varied sharply across sectors. Construction and infrastructure activity remained strong, with active billet and rebar melting programmes sustaining shredded-scrap pull. In...
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