Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index dropped slightly by INR 300/tonne (t) to INR 43,000/t DAP Mandi Gobindgarh on 15 Feb’22. The index dipped on the back of falling bids by induction furnaces amidst a consistent decline in semi-finished steel prices. Due to moderate finished steel sales, re-rollers are purchasing the raw material (ingots/billets) in…