Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index has seen a sharp decline of INR 600/t today (07 Jan’21). The index for melting scrap (end cutting) is assessed at INR 33,600/t DAP Mandi Gobindgarh basis. Buyers adopted ‘wait and watch’ approach for making scrap purchases which led to downward price correction today. Today, 22 sets of trades, indicative…