Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 200/t to INR 38,500/t DAP Mandi Gobindgarh. Variations in semi-finished steel prices due to limited buying enquiries by mills put pressure on scrap traders to adjust their offers accordingly. However, scrap buyers reported that inadequate scrap supply and bid-offer parity still exist in the market which…