Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 100/tonne (t) to INR 39,100/t DAP Mandi Gobindgarh. Slightly low demand for finished steel made standalone re-rollers place their semi-finished bids at a lower level, which ultimately put selling pressure on induction furnaces. However, major corrections are unlikely as sponge iron as well as pig iron…