Author: Kameshwar Rao

SteelMint’s domestic steel scrap index remained stable at INR 35,300/tonne (t) DAP Mandi Gobindgarh. A INR 200/t hike in semi-finished steel prices could not push up prices of melting scrap since buyers had enough stocks of the latter and did not lift enough material. Some market participants believe that the scrap-to-semis’ spread may get corrected…