Author: Kameshwar Rao

SteelMint’s domestic steel scrap index (end-cutting) increased by 100/tonne (t) to INR 39,300/t DAP Mandi Gobindgarh on 2 Dec’21. A marginal improvement in semi-finished steel and finished steel prices lifted scrap bids. However, transactions were inadequate which kept scrap prices largely range-bound across the Mandi market. Scrap arrival in the market improved slightly in the…