Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved down by INR 500/ tonne (t) to INR 38,500/t DAP Mandi Gobindgarh. Measured demand in the finished steel segment amid dull sentiments resulted in less buying enquiries for semi-finished steel (ingots/billets) which led to a slight correction in scrap offers. However, few trade participants, particularly induction furnace units,…