Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index further decreased by INR 500/tonne (t) to INR 39,700/t DAP Mandi Gobindgarh. Inadequate finished steel movement and measured future bookings dragged down semi-finished steel prices despite adjusted capacity utilisation. Induction furnace units are not interested in procuring healthy scrap quantities due to the inadequate conversion spread because of the…