Author: Kameshwar Rao

SteelMint’s domestic steel scrap index (end-cutting) increased by INR 300/t to INR 39,000/t DAP Mandi Gobindgarh. A slight Improvement in semi-finished steel trade led to the higher scrap offers today. Factors which could be attributed to the slight increase are strong substitute (sponge iron) prices as well as administrative checks still being implemented at inter-state…