Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end-cutting) index moved up to INR 39,600/tonne (t) DAP Mandi Gobindgarh. Most of the sellers are holding fresh offers on expectations of further rise in prices. However, limited offers prompted buyers to get at bids as dictated by market forces. A few buyers feel the conversion spread may slightly widen in…