Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index remained moved up to INR 34,100/t DAP Mandi Gobindgarh basis. Adequate hike in semi-finished steel prices by INR 500-600/t lifts scrap offers accordingly. However, few trade participants anticipate that price may get corrected due to poor finished steel demand in near term. Today, 14 sets of trades, indicative prices/bids/offers were…