Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index rose INR 1,500/tonne (t) to INR 49,500/t DAP Mandi Gobindgarh on 3 Mar’22. The key factor supporting this substantial hike on a d-o-d basis was improved demand in semi-finished steel amidst marginal price enhancement in sponge iron prices, following the uptrend in fuel prices. However, a few scrap traders…