Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index moved up by INR 400/t ($5) today (17 Dec’20). The index for melting scrap (end cutting) is assessed at INR 32,000/t DAP Mandi Gobindgarh basis which is all time high by reaching this level. Buyers have lowered their scrap purchases on tighter availability and less offers. Trade sources expect prices…