Author: Kameshwar Rao
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SteelMint: India’s domestic steel scrap index rises by INR 600/t on increased semis buying
SteelMint’s domestic steel scrap (end-cutting) index increased by INR 600/tonne (t) to INR 39,600/t DAP Mandi Gobindgarh on 30 Nov’21. Improved demand and healthy deals for semi-finished steel products supported scrap prices. Others factors that impacted the price rise: Limited scrap supply: Supply shortage still exists in the market. However, a few traders are expecting…