Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index declined by INR 500/tonne (t) to INR 39,600/t DAP Mandi Gobindgarh. Two reasons were behind the price corrections today. One, plenty of scrap offers propped up buyers’ interest, resulting in lower bids. Secondly, the corrections seen in the semi-finished steel space. Trade sources do not expect any major correction…