Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 100/t to INR 34,900/t DAP Mandi Gobindgarh. The conversion spread slightly improved by around INR 100-200/t to INR 12,700/t owing to dull buyers’ bids. However, no transactions have been reported today. Further, spreads should get to normal levels once operation resumes post-easing of the power…