Author: Abhishek Bhalla
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SteelMint: India’s domestic steel scrap index falls further on limited trades
SteelMint’s domestic steel scrap index decreased by INR 300/t today (10 Nov’20). The index for melting scrap (end cutting) is assessed at INR 27,300/t DAP Mandi Gobindgarh basis. Limited transactions in the semis & finished long steel segment resulted in price correction of domestic scrap. Around 10 sets of trades, indicative prices/bids/offers were recorded in…