Author: Kameshwar Rao

SteelMint’s domestic steel scrap index (end-cutting) increased by 400/tonne (t) to INR 42,200/t DAP Mandi Gobindgarh on 17 Jan’22. Higher raw material (sponge iron) and semi-finished steel (ingots/billets) prices prompted scrap traders to raise their offers. Small induction furnace mills managed to procure requisite volumes of scrap. A few transactions were heard to be concluded…