Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index spurted by INR 1,700/tonne (t) to INR 42,700/t DAP Mandi Gobindgarh. The sharp price increase in semi-finished and the conversion spread impact gave the upward push to scrap prices. However, scrap sellers are heard to be holding back their offers because it is expected that prices will rise further…