Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 100/tonne (t) to INR 39,200/t DAP Mandi Gobindgarh on 23 Dec’21. Factors supporting the marginal hike were slight improvement in prices of substitute raw materials (sponge iron) and improved trades in semi-finished steel amidst tight scrap supply. In addition, a few scrap sellers held their…