Author: Kameshwar Rao
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SteelMint: India’s domestic steel scrap index largely stable amidst volatile semis prices
SteelMint’s domestic steel scrap (end-cutting) index remained almost flat at INR 42,200/tonne (t) DAP Mandi Gobindgarh on 19 Janβ22 amidst slight fluctuations in semi-finished steel prices. However, a few transactions in scrap were reported to have been concluded today. A strip/pipe manufacturer said that despite limited demand in finished steel, prices of steel ingots/billets remained…