Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 400/tonne (t) to INR 39,000/t DAP Mandi Gobindgarh on 29 Nov’21. Moderate trading in the finished steel market and supportive semi-finished steel prices pushed up scrap prices marginally. Meanwhile, due to acute scrap shortage in the market, several small and mid-sized furnaces readjusted their operational…