Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index kept strengthening and today is assessed at INR 30,400/t DAP Mandi Gobindgarh basis. Constant shortfall forced buyers to raise their bids and improved semi-finished transactions resulted in price hike. Today, 18 sets of trades, indicative prices/bids/offers were recorded in the publishing window. The Index also derives the HMS 80:20 scrap…