Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index dropped by INR 600/tonne (t) to INR 38,500/t DAP Mandi Gobindgarh on 22 Nov’21. Despite limited scrap supply, poor demand for finished steel products dragged down semi-finished steel prices which resulted in a sharp downward correction in scrap prices today. However, a few buyers held their bids due to…