Tag: Steelmint domestic steel scrap index
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SteelMint: Domestic scrap index stays stable despite correction in semis prices
On 9 April, SteelMint’s domestic steel scrap (end-cutting) index remained almost unchanged at INR 47,900/tonne (t) DAP Mandi Gobindgarh. Semi-finished steel prices witnessed a slight correction in today’s trading session. However, the trend did not reflect in melting scrap prices. Instead, prices remained supported on the back of a huge shortage of the material in…