Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 300/t to INR 38,600/t DAP Mandi Gobindgarh on 4 Dec’21. Drop in semi-finished steel (ingots/billets) prices prompted buyers to adjust their bids in a bid to maintain the conversion spread. A few trade participants said that semi-finished prices underwent a correction on the back of cost…