Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index plunged by INR 600/t and is assessed at INR 31,700/t DAP Mandi Gobindgarh basis. Bearish market sentiments owing to weaker finished steel demand resulted in scrap price correction today. Today, 13 sets of trades, indicative prices/bids/offers were recorded in the publishing window. The Index also derives the HMS 80:20 scrap…