Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index increased by INR 400/tonne (t) to INR 42,900/t DAP Mandi Gobindgarh on 24 Jan’22. Increased substitute (sponge iron) and semi-finished steel prices prompted scrap traders to raise their offer prices amidst the supply shortage. However, local induction furnace units have concluded deals for semi-finished steel to the specific markets.…