Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index jumped by INR 1,000/tonne (t) to INR 40,700/t DAP Mandi Gobindgarh on 27 Dec’21. Increased sponge iron and semi-finished steel prices across regions propelled traders to lift their offers and bids today. A sudden hike in semi-finished steel prices forced scrap sellers to hold their offers in expectation of…