Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 400/tonne (t) to INR 38,900/t DAP Mandi Gobindgarh on 3 Dec’21. Key factors affecting scrap prices: Dull-finished steel sentiments and poor future bookings despite lower capacity utilisation dragged down semi-finished steel prices which, in turn, resulted in a correction in scrap prices. Scrap supply in the…