Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index has significantly come down by INR 700/t today and is assessed at INR 33,100/t DAP Mandi Gobindgarh basis. Weak market fundamentals and less finished steel inquiries, limited scrap purchases. Buyers adopted ‘wait and watch’ approach to get some improvements in physical transactions. Today, 11 sets of trades, indicative prices/bids/offers were…