Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index increased by INR 600/tonne (t) to INR 38,700/t DAP Mandi Gobindgarh. Higher scrap prices were mainly supported by healthy semi-finished steel transactions amidst improved buying enquiries in finished steel in specific segments on a d-o-d basis, which encouraged buyers to raise their bids. While semi-finished transactions improved, scrap offers…