Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index further increased by INR 1,200/tonne (t) to INR 51,600/t DAP Mandi Gobindgarh on 5 Mar’22. An improvement in steel ingots/billets prices supported melting scrap prices. However, a few participants said that a sudden rise in raw material prices (ingots/billets) by INR 8,000/t on a w-o-w basis prompted retailers/end-users to…