Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index remained stable at INR 37,600/tonne (t) DAP Mandi Gobindgarh on inappropriate bids as buyers are largely willing to improve their conversion spread against strengthening semi-finished steel prices which gained momentum by around INR 400-500/t. Some buyers are not interested in active buying amid limited finished steel demand, expecting minor…