Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index declined by INR 200/tonne (t) to INR 39,400/t DAP Mandi Gobindgarh. It saw minor correction as per market requirements. The same factors as yesterday’s could be attributed to the dip. One, plenty of scrap offers propped up buyers’ interest, resulting in lower bids. Secondly, the corrections seen in the…