Author: Kameshwar Rao

SteelMint’s domestic steel scrap index (end-cutting) increased by INR 700/tonne (t) to INR 38,200/t DAP Mandi Gobindgarh. Healthy semi-finished steel transactions and a marginal price uptrend in sponge iron prices propelled mills to raise their bids accordingly today. However, a few trade participants said the recent price increases in certain items by primary producers influenced…