Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 200/tonne (t) to INR 40,900/t DAP Mandi Gobindgarh on 10 Jan’22. Scrap prices remained supported by slight improvement in substitute raw material (sponge iron) prices, pushing up semi-finished prices. Meanwhile, scrap supply remained tight. Further, scrap arrival is getting weaker due to continuous rains in…