Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index drifted down considerably and is currently assessed at INR 29,200/t DAP Mandi Gobindgarh basis. Bearish finished long steel demand led to decline in bids of scrap purchase. Today, 13 sets of trades, indicative prices/bids/offers were recorded in the publishing window. The Index also derives the HMS 80:20 scrap (Heavy, Med),…