Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 300/tonne (t) to INR 38,100/t DAP Mandi Gobindgarh. Price correction in semi-finished steel (ingots/billets) and sponge iron prices prompted buyers to adjust their bids to maintain the conversion spreads. However, a few trade participants, particularly steel manufacturers said that scrap arrival in the market continued to…