Author: Abhishek Bhalla
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SteelMint: India’s domestic steel scrap index rises by INR 300/t on improved trades
SteelMint’s domestic steel scrap index increased by INR 300/t today (18 Nov’20). The index for melting scrap (end cutting) is assessed at INR 29,500/t DAP Mandi Gobindgarh basis. Improved transactions and higher sponge iron price led to increase in price range on d-o-d basis. Today, 10 sets of trades, indicative prices/bids/offers were recorded in the…