Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index increased by INR 700/t today (02 Dec’20). The index for melting scrap (end cutting) is assessed at INR 30,100/t DAP Mandi Gobindgarh basis. Prices are edging close to 2-years high, as per data maintained with SteelMint. Factors that could be attributed towards sharp hike are disturbed logistics in scrap supplies…