Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index decreased further by INR 400/tonne (t) to INR 39,500/t DAP Mandi Gobindgarh on 20 Dec’21. Slow finished steel movement and poor future bookings despite lower capacity utilisation dragged down semi-finished steel prices, which resulted in the downward correction in scrap prices. However, scrap offers have seen a recovery in…