Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index has increased by INR 400/t today (30 Nov’20). The index for melting scrap (end cutting) is assessed at INR 29,200/t DAP Mandi Gobindgarh basis. Improved trades in semi finished steel, melting scrap and hike in sponge iron prices were the key factors behind price hike. However, logistics issues due to…