Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end cutting) index fell to INR 38,500/t DAP Mandi Gobindgarh. Limited buying inquiries in semi-finished steel resulted in continuous correction in bids for melting scrap purchase. Most of the trade associates anticipate that scrap prices are less likely to see any major correction due to tighter deliveries and limited bookings of…