Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index decreased by INR 300/t today (05 Nov’20). The index for melting scrap (end cutting) is assessed at INR 29,800/t DAP Mandi Gobindgarh basis. Limited transactions in finished steel and fall in sponge iron prices, resulting in softening of domestic scrap prices. Today, 12 sets of trades, indicative prices/bids/offers were recorded…