Author: Kameshwar Rao
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SteelMint: India’s domestic steel scrap index drops INR 400/t
SteelMint’s domestic steel scrap (end-cutting) index was down by INR 400/t to INR 36,700/t DAP Mandi Gobindgarh. Scrap offers and bids were adjusted as per semi-finished steel movements. It is hard to predict near-term price movements amidst the prevailing uncertainty, said some scrap traders. Today, 13 sets of trades, indicative prices/bids/offers were recorded in the…