Author: Kameshwar Rao

SteelMint’s domestic steel scrap index declined by INR 300/tonne (t) to INR 38,100/t DAP Mandi Gobindgarh. Average movement in finished steel and slight price adjustment in semi-finished steel resulted in the nominal correction in scrap prices today. However, few trade associates expect that scrap prices are less likely to see any major correction in the…