Author: Kameshwar Rao

SteelMint’s domestic steel scrap index (end-cutting) declined slightly by INR 200/tonne (t) to INR 37,100/t DAP Mandi Gobindgarh. Low demand for finished steel made standalone re-rollers place their semi-finished bids at a lower level, which ultimately put selling presser on induction furnaces. Prices of alternative raw material (sponge iron), regularly sourced either from central or…