Author: Kameshwar Rao
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SteelMint: India’s domestic steel scrap index up by INR 200/t on improving bids
SteelMint’s domestic steel scrap (end-cutting) index slightly moved up by INR 200/tonne (t) to INR 39,200/t DAP Mandi Gobindgarh. A slight price fluctuation in raw steel prices amid tight scrap supply in the market forced buyers to raise their bids today. However, some trade participants reported that higher sponge iron prices in the eastern and…