Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end cutting) index fell to INR 37,800/t DAP Mandi Gobindgarh. Lower bids in anticipation of further corrections lowered the current price levels. However, tighter scrap supply could be a dominating factor as most of the smaller sized furnaces are running at lower capacity utilization of around 50% Today, 16 sets of…