Author: Akshay Bedekar
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SteelMint: India’s domestic steel scrap index drops by INR 400/t despite inadequate supplies
SteelMint’s domestic steel scrap (end-cutting) index dropped by INR 400/tonne (t) to INR 38,100/t DAP Mandi Gobindgarh on 23 Nov’21. There has been a marginal improvement in semi-finished steel inquiries while a few transactions have been concluded, said reliable trade sources, which supported scrap offers today. However, semi’s observed a marginal price correction by INR…