Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up slightly by INR 200/tonne (t) to INR 37,600/t DAP Mandi Gobindgarh. Sellers are holding their offers in the assumption that prices may rise further in the short term. This made buyers adjust their bids slightly. To maintain an appropriate conversion spread from melting scrap to semi-finished steel,…