Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index decreased slightly by INR 100/tonne (t) to INR 38,600/t DAP Mandi Gobindgarh. Modest finished steel movement impacted semi-finished steel demand which resulted in a nominal correction in scrap prices on a d-o-d basis. In addition, due to inadequate scrap supply in the market since the last couple of weeks,…