Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up slightly by INR 200/tonne (t) to INR 40,700/t DAP Mandi Gobindgarh. Marginal improvement in semi-finished steel prices along with nominal shortage in melting scrap induced sellers to raise their offers today. However, standalone re-roller indicated a slight demand increase in finished steel, particularly in the rebar segment…