Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index declined by INR 400/tonne (t) to INR 40,800/t DAP Mandi Gobindgarh. Limited business activities on account of the festive season is leading to poor offtake in the finished steel segment. This is resulting in marginal corrections in semi-finished and scrap prices with lower bids placed by induction furnace units.…