Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index drifted down by INR 800/t to INR 40,100/tonne (t) DAP Mandi Gobindgarh. Prices declined on higher supplies due to unlock measures being announced by state governments like Delhi and Uttar Pradesh. Significant offers give broad scope to buyers to improve the conversion spread by INR 400-500/t from melting scrap…