Author: Kameshwar Rao
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SteelMint: India’s domestic steel scrap index hits record high on limited offers
SteelMint’s domestic steel scrap (end cutting) index has moved up by INR 100/t d-o-d to INR 40,300/t DAP Mandi Gobindgarh. Price continued northward trajectory despite minor correction in semi-finished steel owing to scant offers. Inter-state scrap deliveries continued to remain impacted owing to lockdown restrictions, resulting in hike in offers. Today, 14 sets of trades,…