Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 200/tonne (t) to INR 37,600/t DAP Mandi Gobindgarh. Despite the slight correction in semi-finished steel prices, scrap prices were supportive today due to supply shortage amid limited conversion spread. However, average demand in finished steel may witness minor price corrections in the short term, trade…