Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index notified a sharp hike by INR 500/t today (28 Dec’20). The index for melting scrap (end cutting) is assessed at INR 33,100/t DAP Mandi Gobindgarh basis. Limited material availability and positive market sentiments pushed mills to raise bids for domestic scrap. However, few buyers remained cautious to book scrap at…