Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index has increased by INR 500/t today (12 Nov’20). The index for melting scrap (end cutting) is assessed at INR 28,200/t DAP Mandi Gobindgarh basis. Price hike in substitute products (sponge iron) on d-o-d basis has resulted in hike in scrap prices. In addition to it, imported scrap offers for India…