Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end cutting) index has come down to INR 39,700/t DAP Mandi Gobindgarh. The prices have fallen owing to decline in semi-finished steel prices which have come down by INR 700/t today. However, limited scrap movement from interstate urged mills to adjust their conversion spread from scrap to semi’s which is currently…