Author: Kameshwar Rao
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SteelMint: India’s domestic steel scrap index falls by INR 300/t in bearish market
SteelMint’s domestic steel scrap (end-cutting) index fell by INR 300/t to INR 41,200/t DAP Mandi Gobindgarh. An overall bearish market trend — lack of demand in semi-finished and finished steel — amid logistics issues in the market prompted buyers to adjust their bids today. However, a few scrap buyers lowered their bids due to diminishing…