Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 200/tonne (t) to INR 43,100/t DAP Mandi Gobindgarh. Higher scrap offers followed considerable improvement in semi-finished steel demand on a d-o-d basis. Supply of the usual grades has improved. However, higher grades with better yield still remain elusive. Meanwhile, scrap sellers are now offering adequate…