Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index increased by INR 500/tonne (t) to INR 39,100/t DAP Mandi Gobindgarh on 20 Oct’21. Increased semi-finished steel and sponge iron prices compelled trade participants to raise bids amidst supply shortage, resulting in a hike in scrap prices today. In line, finished steel buying inquiries have also improved since the…