Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 300/tonne (t) to INR 41,500/t DAP Mandi Gobindgarh. Prime factors supporting this marginal hike were the slight price improvement in substitute raw material (sponge iron) which pushed up prices of semi-finished amidst tight scrap supply. In addition, a few scrap sellers held their offers as…