Author: Kameshwar Rao

Melting scrap prices improved sharply on a d-o-d basis except in the Durgapur market on 1 Apr’22. Prices moved up by around INR 1,000-1,300 especially in the Punjab market following a rise in semi-finished steel prices amidst the correction in conversion spread in Mandi Gobindgarh. However, prices drifted down in the Durgapur market due to…