Author: Kameshwar Rao

SteelMint’s domestic steel scrap index (end-cutting) declined by INR 500/t to INR 42,600/t DAP Mandi Gobindgarh. Sluggish movement in finished steel, amidst limited buying inquiries, especially in rebar and structural products, led to lack of demand for mills. This made scrap traders adjust their offers slightly today. However, a few participants expected that scrap prices…