Author: Kameshwar Rao

SteelMint’s domestic steel scrap index has moved up to INR 39,700/t DAP Mandi Gobindgarh. Supply tightness of melting scrap remained the major factor behind price uptrend. The steel mills in urgent restocking need of raw material resulted in lifting bids for scrap purchase. In addition to it, improved semi-finished steel trades supported scrap price hike.…