Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up slightly by INR 100/t to INR 35,300/t DAP Mandi Gobindgarh. Trade participants expect that power outages may carry on for the existing week but placed their bids, hoping to improve the conversion spread between melting scrap and semi-finished steel. However, slow demand in finished steel may witness…