Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 600/tonne (t) to INR 43,800/t DAP Mandi Gobindgarh on 10 Feb’22. Considering dull finished steel sentiments, induction furnace units have lowered their bids for scrap, resulting in a fall in index. Moreover, scrap arrival in the market has eased a bit on slightly better margins as…