Author: Kameshwar Rao
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SteelMint: India’s domestic steel scrap index drops INR 100/t on limited semi-finished trade
SteelMint’s domestic steel scrap (end-cutting) index fell by a marginal INR 100/tonne (t) to INR 38,100/t DAP Mandi Gobindgarh. Average transactions in finished steel and slight disparity in offers and bids led to minor adjustment in scrap prices today amid tight supply. However, a few trade participants said that less availability of scrap in the…