Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 300/tonne (t) to INR 39,500/t DAP Mandi Gobindgarh. Main elements supporting this marginal hike were the supply shortage amid high demand of raw material (scrap) as inventories are depleting at furnace premises which pushed up scrap prices slightly today. In addition, a few trade participants…