Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index has decreased sharply by INR 700/t after three consecutive hikes and is currently assessed at INR 29,500/t DAP Mandi Gobindgarh basis. Market participants have lowered their bids in view of limited transactions in semi-finished as well as finished steel. Despite domestic scrap supply shortages, seen in the last 3-4 days…