Tag: Indian ferrous melting scrap prices

SteelMint’s domestic steel scrap (end-cutting) index remained almost firm at INR 39,000/t DAP Mandi Gobindgarh. Scrap transactions have been range-bound despite a marginal correction in semi-finished steel owing to less buying inquiries from re-rollers amid sufficient stock levels. Market participants believe that current prices are less likely to get any major contraction beyond a marginal…