Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index saw marginal correction by INR 300/tonne (t) to INR 38,800/t DAP Mandi Gobindgarh. With declining semi-finished prices, scrap offers improved as sellers preferred to offload material in anticipation of further corrections. However, trade channels have mixed views for the near term. A few scrap sellers feel there will be…