Author: Abhishek Bhalla

SteelMint: India’s domestic steel scrap index up by INR 400/t on improved transactions

Nov 17, 2020

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by

Abhishek Bhalla

in Melting Scrap

SteelMint’s domestic steel scrap index increased by INR 400/t today (17 Nov’20). The index for melting scrap (end cutting) is assessed at INR 29,200/t DAP Mandi Gobindgarh basis. Improved transactions observed in scrap & semi finish steel along with significant price hike in substitute products (sponge iron) led to price hike on d-o-d basis. Today,…