Author: Abhishek Bhalla

SteelMint: India’s domestic steel scrap index up by INR 300/t in recent trades

Dec 12, 2020

—

by

Abhishek Bhalla

in Melting Scrap

SteelMint’s domestic steel scrap index increased by INR 300/t today (12 Dec’20). The index for melting scrap (end cutting) is assessed at INR 30,900/t DAP Mandi Gobindgarh basis. Decent transactions in semi-finished steel and limited scrap offers due to shortage along with strengthening sponge iron prices, collectively pushed up domestic scrap offers. Today, 13 sets…