Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index plunged to INR 35,400/tonne (t) DAP Mandi Gobindgarh. Decline in semi-finished steel prices by around INR 800-1,000/t disrupted scrap movements too. However, most of the trade participants feel, prices will rebound from the existing levels due to a couple of factors: First, sponge iron prices are rising because of…