Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index declined by INR 500/t today (24 Nov’20). The index for melting scrap (end cutting) is assessed at INR 28,000/t DAP Mandi Gobindgarh basis. Index has come down by INR 1,700/t in last three working days. Major mid-scale mills are not actively procuring scrap and have held back purchases owing to…