Author: Kameshwar Rao

SteelMint’s domestic steel scrap index (end-cutting) remains stable at INR 38,900/tonne (t) DAP Mandi Gobindgarh. Despite marginal variations in semi-finished steel prices, the stability in sponge iron prices prompted traders to keep their offer stable today. However, a few trade participants said scrap arrival in the market has improved marginally too, which may correct the…