Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up slightly by INR 100/tonne (t) to INR 38,700/t DAP Mandi Gobindgarh. Scrap arrival from neighbouring states still remained weak amid marginal improvement in semi-finished prices which induced traders to raise their offers slightly today. However, some trade participants feel that scrap shortage will continue till the monsoon…