Author: Kameshwar Rao

SteelMint’s domestic steel scrap index (end-cutting) increased by INR 600/tonne (t) to INR 38,200/t DAP Mandi Gobindgarh. Tight scrap inflow made buyers raise their bids which got reflected in semi-finished steel prices to match the conversion spread accordingly. In line, surrounding markets saw improved buying inquiries in semis and finished steel, both of which displayed…