Author: Kameshwar Rao

SteelMint’s domestic steel scrap index (end-cutting) declined by INR 300/tonne (t) to INR 37,300/t DAP Mandi Gobindgarh. Scrap availability slightly improved on d-o-d basis. On the other hand, restrained lifting of finished steel, and below to average transactions in semi-finished steel collectively narrowed price levels today. Induction furnace units based in the northern region are…