Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 300/t to INR 40,200/t DAP Mandi Gobindgarh. Price variations in semi-finished steel (ingots/billets) amid slight correction in sponge iron prices prompted buyers to adjust their bids to maintain the conversion spreads today. However, a few trade participants, particularly steel manufacturers, said scrap arrival in the market…