Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 600/tonne (t) to INR 38,700/t DAP Mandi Gobindgarh. Lack of arrival of scrap into the market along with supportive substitutes and semi-finished (ingots/billets) prices prompted trade partners to offer higher prices today. However, bid-offer disparity was of 500-600/t. But a few sellers are holding their…