Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index increased substantially by INR 900/tonne (t) d-o-d to INR 50,400/t DAP Mandi Gobindgarh on 4 Mar’22. Scrap prices found support from rising sponge iron and semi-finished prices. However, standalone re-rollers witnessed moderate finished steel movement due to higher offers. Retailers are only booking in small volumes considering the uncertain…