Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index dropped by INR 700/tonne (t) to INR 37,600/t DAP Mandi Gobindgarh. Buyers remained cautious on rising finished steel stocks and placed scrap bids as per market requirements. Today, 12 sets of trades, indicative prices/bids/offers were recorded in the publishing window. The Index also derives the HMS 80:20 scrap (Heavy,…