Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index saw a marginal correction by INR 300/tonne (t) to INR 40,500/t DAP Mandi Gobindgarh. Measured demand in finished steel amid limited buying enquiries for semi-finished led to the slight correction in scrap offers today. However, trade channels have mixed views for the near term prices. A few scrap sellers…