Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index decreased by INR 700/t and is assessed at INR 29,700/t DAP Mandi Gobindgarh basis. Mills have lowered bids in line with decline in semi-finished steel transactions and high volatility in the market. In addition to it, mills are holding enough inventories which is holding them back from making fresh purchases.…