Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 200/tonne (t) to INR 38,900/t DAP Mandi Gobindgarh. The main factor attributed to supporting prices is the shortfall in raw material, i.e, melting scrap, with tight administrative controls across the Punjab market to prevent unaccountable transactions. Most of the scrap sellers raised their offers to…