Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 500/tonne (t) to INR 39,200/t DAP Mandi Gobindgarh on 11 Nov’21. Falling prices of semi-finished steel products (ingot/billet) due to lack of demand from the re-rolling mills put scrap prices under pressure today. Small induction/electrical furnace operators hold scrap inventory for approximately two-three days. Supply shortage…