Author: Kameshwar Rao

SteelMint’s domestic steel scrap index surged by INR 1,100/t today and is assessed at INR 36,200/t DAP Mandi Gobindgarh basis. Trade participants shared shortage of material and rapid price gains in semi’s transactions as the key reasons behind domestic scrap price hike. However, few specific trade channels are skeptical whether the sharp price hike will…