Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index decreased by INR 500/t today (21 Dec’20). The index for melting scrap (end cutting) is assessed at INR 31,700/t DAP Mandi Gobindgarh basis. Limited transactions in the semi-finished and finished steel segment led to nominal correction today. However, trade participants don’t foresee any sharp price decline amid supply tightness. Today,…