Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index increased by INR 500/tonne (t) to INR 39,700/t DAP Mandi Gobindgarh on 24 Dec’21. A similar hike in sponge iron and semi-finished steel prices along with an overall improvement in trade dynamics across regions kept scrap prices elevated. However, demand for finished products remained slightly lower than the day…