Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index slightly moved up by INR 100/t today (16 Dec’20). The index for melting scrap (end cutting) is assessed at INR 31,600/t DAP Mandi Gobindgarh basis. Buyers are bit cautious to procure scrap with successive price hikes and availability concerns. Trade participants expect prices to remain supportive in the near term.…