Author: Abhishek Bhalla

India: Melting scrap prices in Durgapur hit all-time high on improved conversion spread

Mar 12, 2021

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by

Abhishek Bhalla

in Melting Scrap

Melting scrap prices hit an all-time high in Durgapur, Eastern India, as per the data maintained with SteelMint since Dec ’10. The current scrap price is assessed at INR 32,200/t (DAP), excluding 18% GST. This record price rise can be attributed to the maximum production utilization by induction furnace route along with improved conversion spread…