Author: Kameshwar Rao
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SteelMint: India’s domestic steel scrap index rises further by INR 700/t on supportive semi-finished trades
SteelMint’s domestic steel scrap index increased to INR 37,300/t DAP Mandi Gobindgarh basis. Healthy semi-finished steel transactions and shortage of oxygen cylinders at stock yards have resulted in hike in buyers bids. Indian steel plants have been diverting oxygen for medical purpose and key steel mills are also planning to ramp up production in the…