Author: Akshay Bedekar

SteelMint’s domestic steel scrap (end-cutting) index declined further by INR 600/tonne (t) to INR 37,600/t DAP Mandi Gobindgarh. Buyers adjusted their bids slightly downwards to improve the conversion spread from melting scrap to semi-finished steel amid limited finished steel demand. However, they held on to their bids. Scrap arrival is not adequate to satisfy market…