Author: Kameshwar Rao
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SteelMint: Domestic steel scrap index rises on healthy finished steel offtake
SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 600/tonne (t) to INR 38,200/t DAP Mandi Gobindgarh. Healthy off take of finished long steel products has resulted in re-rollers raising their bids resulting in improvement in semi-finished steel prices. Traders and retailers always prefer to book material or lift material from old bookings to…