Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index edged down by INR 200/tonne (t) to INR 40,000/t DAP Mandi Gobindgarh on 17 Dec’21. A marginal correction in semi-finished steel prices forced scrap buyers to adjust their bids. Small induction furnaces, producing semi-finished steel, have already cut down production in a bid to achieve balanced supply levels as…