Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index inched down to INR 35,400/tonne (t) DAP Mandi Gobindgarh. Buyers placed their bids to improve the conversion spread from melting scrap to semi-finished amid a 48-hour power shutdown. Today, 14 sets of trades, indicative prices/bids/offers were recorded in the publishing window. The Index also derives the HMS 80:20 scrap…