Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index declined by INR 300/t to INR 42,400/t DAP Mandi Gobindgarh. Fluctuations in semi-finished steel prices put scrap prices slightly under pressure amid limited buying enquiries from standalone induction furnaces on account of sufficient stock levels. Market participants feel coal prices are supporting steel prices at the existing levels amid…