Author: Abhishek Bhalla

SteelMint: India’s domestic steel scrap index shoots up by INR 500/t ($7) on logistics and availability constraints

Dec 11, 2020

—

by

Abhishek Bhalla

in Melting Scrap

SteelMint’s domestic steel scrap index increased sharply by INR 500/t today (11 Dec’20). The index for melting scrap (end cutting) is assessed at INR 30,600/t DAP Mandi Gobindgarh basis. Interstate scrap supply movement is slightly affected owing to farmer protest and nominal shortage observed in the market, highlighted trade participants In addition to it, increasing…