Author: Kameshwar Rao

India: Domestic steel scrap index edges lower on slow finished steel movements

Oct 21, 2021

—

by

Kameshwar Rao

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index saw a marginal correction of INR 200/tonne (t) to INR 41,800/t DAP Mandi Gobindgarh on 21 Oct’21. Amid declining semi-finished steel prices, scrap offers improved as sellers preferred to offload material in anticipation of a further correction. A few standalone furnace operators said that slow buying enquiries for semi-finished…