Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up slightly by INR 200/tonne (t) to INR 38,700/t DAP Mandi Gobindgarh. A minor improvement in sponge iron prices amid balanced demand in semi-finished prompted scrap traders to raise offers marginally today amid limited availability. Scrap arrival in the market slightly improved and a few inter-state transactions were…