Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index fell by INR 100/t today (30 Dec’20). The index for melting scrap (end cutting) is assessed at INR 33,500/t DAP Mandi Gobindgarh basis. Limited transactions in semi-finished and decline in sponge iron prices led to nominal correction today. Sponge iron and Billet prices in northern India have weakened by INR…