Author: Akshay Bedekar
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SteelMint: India’s domestic steel scrap index drops by INR 400/t despite limited supply
SteelMint’s domestic steel scrap (end-cutting) index fell by INR 400/tonne (t) to INR 39,200/t DAP Mandi Gobindgarh today, 10 Nov’21. Despite an inadequate supply seen in the last few days, scrap prices remained under pressure owing to limited buying interest for semi-finished steel. A constant hike in scrap prices since the beginning of the week…