Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 600/tonne (t) to INR 40,300/t DAP Mandi Gobindgarh on 5 Dec’21. The sharp correction in scrap prices was due to limited buying interest from rolling mills for ingots/billets, thereby, increasing selling pressure on semi-finished producers. Mills have held their bids in an anticipation that prices may…