Author: Akshay Bedekar

SteelMint’s domestic steel scrap (end-cutting) index further decreased by INR 600/tonne (t) to INR 40,800/t DAP Mandi Gobindgarh. Dull finished steel sentiments and poor future bookings despite measured capacity utilisation dragged down semi-finished steel prices, which resulted in the downward correction in scrap prices. Market participants were expecting the required correction as prices had moved…