Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index dropped by INR 300/tonne (t) to INR 42,300/t DAP Mandi Gobindgarh on 21 Jan’22. Dull sentiments in the semi-finished steel market amidst limited future bookings in finished steel resulted in a marginal correction in scrap prices. Trade sources are further expecting a correction in prices as it drastically moved…