Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index is up by INR 100/t to INR 39,100/t DAP Mandi Gobindgarh. A slight improvement in semi-finished steel prices has lifted scrap offers today, although prices remain range-bound. A few induction furnaces claimed that scrap availability remains tight and steelmakers have not able to secure volumes. Further, standalone re-rollers anticipate…