Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 700/t to INR 40,700/tonne (t) DAP Mandi Gobindgarh. Positive trends and shortage of material drove prices to new highs as per the data maintained with SteelMint since Aug’13. Majority of the trade sources believe that scrap prices may breach current levels on sustained bullish sentiments.…