Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index remained stable today (05 Jan’21). The index for melting scrap (end cutting) is assessed at INR 34,600/t DAP Mandi Gobindgarh basis. Higher yield scrap continued to face shortage and trade participants are hopeful of further hike in prices over average semi-finished steel. Today, 16 sets of trades, indicative prices/bids/offers were…