Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index decreased marginally by INR 300/tonne (t) to INR 38,300/t DAP Mandi Gobindgarh on 6 Nov’21. Moderate finished steel movement and low demand for semi-finished steel from re-rollers, prompted scrap buyers to adjust their bids marginally to maintain the conversion spread. A few re-rollers informed that there was lack of…