Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index has observed stability after yesterday’s sharp decline and is currently assessed at INR 29,500/t DAP Mandi Gobindgarh basis. Tighter domestic scrap supply seen from the last 4-5 days led to firm price range today despite marginal price correction in semi-finished steel. Today, 10 sets of trades, indicative prices/bids/offers were recorded…