Author: Abhishek Bhalla

SteelMint’s domestic steel scrap (end-cutting) index dropped by INR 500/tonne (t) to INR 38,900/t DAP Mandi Gobindgarh. The factors that contributed to this sharp decline was limited buying inquiries in finished steel as re-rollers corrected their bids in semi-finished. Further, sponge iron prices also narrowed down by around INR 400-600/t in major supplying markets and…