Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 300/t to INR 40,400/t DAP Mandi Gobindgarh on 28 Dec’21. A marginal price correction in semi-finished steel (ingots/billets) amidst moderate trade in finished steel prompted buyers to adjust their bids to maintain the conversion spreads. However, a few trade participants said, scrap arrival in the market…