Author: Abhishek Bhalla
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SteelMint: India’s domestic steel scrap index rises further on improved bids
SteelMint’s domestic steel scrap index witnessed another hike by INR 400/t today and is assessed at INR 30,800/t DAP Mandi Gobindgarh basis. Buyers in need of greater scrap volumes have raised their bids to book appropriate quantity, considering tighter material availability. However, tier-2 buyers with limited purchase quantum haven’t raised their bids to similar extent.…