Author: Akshay Bedekar

SteelMint’s domestic steel scrap (end-cutting) index further increased by INR 700/tonne (t) to INR 40,300/t DAP Mandi Gobindgarh. The main factors attributed to the sharp rise in scrap prices today was healthy semi-finished (ingot/billet) transactions amid improved buying enquiries in finished steel (rebar). However, the current uptrend made sellers held on to their offers expecting…