Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index increased by INR 400/tonne (t) to INR 38,700/t DAP Mandi Gobindgarh on 7 Dec’21. An improvement in semi-finished prices marginally supported scrap prices due to the conversion spread. Standalone furnace players informed that scrap offers from the traders have improved since last weak due to less requirement from buyer…