Author: Abhishek Bhalla
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SteelMint: India’s domestic steel scrap index drops by INR 300/t ($4) on limited trades
SteelMint’s domestic steel scrap index decreased further by INR 300/t and is assessed at INR 29,100/t DAP Mandi Gobindgarh basis. Bearish sentiments kept buying interest on the lower side which led to consistent downfall in prices. Today, 18 sets of trades, indicative prices/bids/offers were recorded in the publishing window. The Index also derives the HMS…