Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 200/tonne (t) to INR 40,200/t DAP Mandi Gobindgarh on 16 Dec’21. Stability in semi-finished (ingot/billet) steel and sponge iron prices kept melting scrap prices range-bound today. Inadequate supply seems to be supported domestic scrap prices, SteelMint learnt from market sources. A few sellers held their…