Author: Kameshwar Rao

Steelmint’s domestic steel scrap index (end-cutting) increased by INR 400/tonne (t) to INR 42,900/t DAP Mandi Gobindgarh. An improvement in semi-finished steel prices by around INR 300-400/t on a d-o-d basis lifted scrap offers despite measured buying inquiries in finished steel. However, a few trade participants informed that a meeting by a furnace association has…