Author: Kameshwar Rao

SteelMint’s domestic steel scrap index has marginally increased to INR 38,100/t DAP Mandi Gobindgarh. Scrap prices slightly increased on the back of improving conversion spread from scrap to ingot by around INR 200-300/t. However, few specified semi’s manufacturers shared that prices are at peak level and anticipate there are less chances of any major change…