Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index decreased by INR 700/t today (21 Nov’20). The index for melting scrap (end cutting) is assessed at INR 29,000/t DAP Mandi Gobindgarh basis. Steel scrap index fell owing to demand-supply mismatch. Buying inquiries remained limited which led to price correction today. Today, 14 sets of trades, indicative prices/bids/offers were recorded…