Tag: SteelMint: India’s domestic steel scrap index

SteelMint’s domestic steel scrap (end-cutting) index declined by INR 300/tonne (t) to INR 49,100/t DAP Mandi Gobindgarh. Factors leading to price correction: Subdued demand for semis: Buying interest for semi-finished steel remained limited amidst a possibility of price correction in the near term. Buyers cautious: Scrap buyers are not interested in procuring healthy quantities at…