Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index dropped by INR 300/tonne (t) to INR 41,700/t DAP Mandi Gobindgarh on 14 Jan’22. Trade activities remained limited on account of Lohri and Makar Sankranti festivals, leading to poor offtake of semi-finished as well as finished steel. Prices of semi-finished steel declined marginally, weighing on scrap bids of induction…