Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index declined by INR 300/tonne (t) to INR 37,600/t DAP Mandi Gobindgarh. The same factors, as outlined in the assessment yesterday, were responsible for the marginal fall in scrap prices as diminishing semi-finished steel prices amidst correction in sponge iron prices resulted in scrap traders adjusting their offers accordingly. However,…