Author: Kameshwar Rao

SteelMint’s domestic steel scrap index (end-cutting) declined slightly by INR 100/t to INR 37,500/t DAP Mandi Gobindgarh. Lesser movement in finished steel amidst limited buying inquiries, especially in rebar and structural products, led to lack of demand for mills which made scrap traders adjust their offers slightly today. However, a few participants expected that scrap…