Tag: Steel Demand

Subdued steel demand leads to cautious sentiment Sponge iron offsets imported scrap shortage in Mandi Ship-breaking melting scrap prices in Alang, Gujarat, remained unchanged d-o-d on 27 July, with HMS 80:20 assessed at INR 33,500/t ($348/t). Trading remained largely need-based as buyers refrained from building inventories in the absence of stronger finished steel demand. Stable…