Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index dropped by INR 500/tonne (t) to INR 34,800/t DAP Mandi Gobindgarh. Price correction in semi-finished steel prompted trade participants to adjust their offers to maintain the conversion spread. However, a few traders are not floating offers due to diminishing market trends. Similarly, buyers are also not in hurry to…