Author: Kameshwar Rao
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SteelMint: India’s domestic steel scrap index plunge by INR 1,100/t on bearish sentiments
SteelMint’s domestic steel scrap index dropped to INR 36,500/t DAP Mandi Gobindgarh. Bearish market sentiments and lack of buying inquiries resulted in considerable variations in offers and bids today by around INR 1,000/t. Today, 15 sets of trades, indicative prices/bids/offers were recorded in the publishing window. The Index also derives the HMS 80:20 scrap (Heavy,…