Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index remained stable at INR 42,200/tonne (t) DAP Mandi Gobindgarh on 18 Jan’22. Limited scrap offers in the market and slow transactions in semi-finished steel weighed on the conversion spread d-o-d. Inline, standalone induction furnace units saw minor correction in their daily margins while the same for medium or hot-charging…