Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 500/tonne (t) to INR 38,600/t DAP Mandi Gobindgarh on 19 Nov’21. Prices of semi-finished steel products (ingot/billet) were on the higher side backed by improved demand. Positive sentiments in the semi-finished steel market pushed up scrap prices to maintain the conversion spread (ingots to melting…