Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 400/tonne (t) to INR 42,600/t DAP Mandi Gobindgarh on 20 Jan’22. Key factors supporting this marginal hike were the slight improvement in semi-finished and sponge iron prices which induced scrap traders to up their offers amidst tight scrap supply. In addition, a few scrap sellers…