Author: Kameshwar Rao

SteelMint: India’s domestic steel scrap index sharply rises by INR 800/t tracking semis’ movement

Jul 19, 2021

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by

Kameshwar Rao

in Melting Scrap

SteelMint’s domestic steel scrap (end cutting) index gained by INR 800/tonne (t) to move up to INR 35,600/tonne (t) DAP Mandi Gobindgarh. Today’s gain was led by adequate price hike in semis amidst disparity between scrap bids and offers with a slight shortage seen in the market. The conversion spread from melting scrap to semis’…