Author: Akshay Bedekar

SteelMint’s domestic steel scrap index (end-cutting) rose sharply by INR 800/tonne (t) to INR 41,100/t DAP Mandi Gobindgarh. Positive price improvements in sponge iron and semi-finished steel induced scrap traders to raise their offers sharply to match the conversion spread. In line, scrap arrival in the market has improved marginally since the last few weeks…