Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved down by INR 2,100/ tonne (t) to INR 45,200/t d-o-d DAP Mandi Gobindgarh on 15 Mar’22. Limited demand in the finished steel segment amid rising inventory levels at mills resulted in subdued buying enquiries for semi-finished steel. This led to a sharp correction in scrap prices. However, a…