Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index increased by INR 500/tonne (t) to INR 40,700/t DAP Mandi Gobindgarh on 7 Jan’22. Rising sponge iron prices and improved domestic sentiments on healthy pellet export deals as well as rise in coal prices supported scrap prices. Inline, better transactions in semi-finished steel resulted in an uptick in scrap…