Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index slipped by INR 200/t to INR 34,800/t DAP Mandi Gobindgarh. A buyers’ meeting was held today to improve the conversion spread by around INR 500/t to INR 12,500/t. But sellers restrained at this level. Very limited offers were reported. The near-term outlook is not clear as trade associates remained…