Author: Kameshwar Rao

SteelMint’s domestic steel scrap index (end-cutting) declined marginally by INR 400/t to INR 39,100/t DAP Mandi Gobindgarh. Factors attributed to the marginal price fall are:  Limited semi-finished steel buying inquiries from re-rollers amid lower capacity utilisation. Finished steel production ratio has been adjusted owing to lack of future bookings in the retail segment, specifically for…