Author: Kameshwar Rao

SteelMint’s domestic steel scrap index has considerably increased to INR 38,700/t DAP Mandi Gobindgarh. Improved semi-finished steel trade volumes along with improving conversion spread lifted bids for scrap purchase today. Today, 17 sets of trades, indicative prices/bids/offers were recorded in the publishing window. The Index also derives the HMS 80:20 scrap (Heavy, Med), and CR…