Author: Kameshwar Rao

SteelMint: India’s domestic steel scrap index drops INR 200/t on limited finished steel trade

Aug 18, 2021

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by

Kameshwar Rao

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index declined by INR 200/tonne (t) to INR 38,900/t DAP Mandi Gobindgarh. There are a couple of reasons behind today’s price corrections. One, limited buying interest from rolling mills in semi-finished steel due to lack of demand for finished steel. Secondly, a slight correction was seen in the semi-finished steel…