Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index inched up to INR 41,300/tonne (t) DAP Mandi Gobindgarh on 3 Jan’21. Ample scrap offers were seen in the spot market following healthy transactions in semi-finished steel. This lifted the index marginally on a d-o-d basis. Further, market participants believe that existing semi-finished steel prices should sustain considering moderate…