Author: Abhishek Bhalla

SteelMint: India’s domestic steel scrap index shoots up by INR 700/t ($9.5)

Dec 7, 2020

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by

Abhishek Bhalla

in Melting Scrap

SteelMint’s domestic steel scrap index increased sharply by INR 700/t today (07 Dec’20). The index for melting scrap (end cutting) is assessed at INR 30,500/t DAP Mandi Gobindgarh basis. Bullish market sentiments backed by improved transactions along with hike in sponge iron prices remained main reasons behind hike in scrap prices. Sponge iron prices increased…