Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index rebounded to INR 35,600/tonne (t) DAP Mandi Gobindgarh. Slight improvement in semi-finished steel prices allowed scrap bids to inch up. However, finished steel demand is yet to pick up to healthy levels. Today, 10 sets of trades, indicative prices/bids/offers were recorded in the publishing window. The Index also derives…