Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index inched down by INR 200/tonne (t) to INR 40,000/t DAP Mandi Gobindgarh on 15 Dec’21. Consistent fluctuations in semi-finished steel prices forced scrap buyers to adjust their bids to maintain the conversion spread. Limited transactions in finished steel, particularly rebar and structure, weighed on semi-finished steel movement. Moreover, a…