Author: Abhishek Bhalla

SteelMint: India’s domestic steel scrap index jumps by INR 500/t ($7)

Dec 29, 2020

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by

Abhishek Bhalla

in Melting Scrap

SteelMint’s domestic steel scrap index observed another sharp hike by INR 500/t today (29 Dec’20). The index for melting scrap (end cutting) is assessed at INR 33,600/t DAP Mandi Gobindgarh basis. Tighter scrap availability along with positive market sentiments forced mills to raise bids for domestic scrap. Yesterday, the index recorded an increase of INR…