Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end cutting) index dropped to INR 38,300/tonne (t) DAP Mandi Gobindgarh. Variations in semi-finished steel prices prompted trade participants to adjust their bids accordingly to maintain the conversion spread. Domestic scrap transactions remained affected due to limited scrap accumulation amidst ongoing partial lockdown restrictions across scrap markets. However, supplies may improve…