Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index decreased by INR 300/tonne (t) to INR 40,200/t DAP Mandi Gobindgarh. The main factor that can be attributed to the drop is the slight price correction in semi-finished steel that led to measured finished steel movement amid bearish sentiments. Re-rollers are feeling selling pressure, especifically in structural steel. A…