Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved down marginally by INR 200/tonne (t) to INR 34,700/t DAP Mandi Gobindgarh. A nominal price divergence witnessed among different grades due to disparity in offers and bids amid power outages. Further, buyers are not interested in procuring healthy quantities due to adequate stocks along with tight liquidity cycle.…