Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index decreased by INR 300/t today (09 Nov’20). The index for melting scrap (end cutting) is assessed at INR 30,200/t DAP Mandi Gobindgarh basis. Limited transactions in finished steel and fall in sponge iron prices, led to softening in domestic scrap prices. Today, 19 sets of trades, indicative prices/bids/offers were recorded…