Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index dropped by INR 600/tonne (t) to INR 38,300/t DAP Mandi Gobindgarh.A rise in finished steel inventory levels led to limited buying which resulted in the price correction. However, some traders feel that even a minor improvement in finished steel demand would lift scrap prices somewhat. Today, 13 sets of…