Author: Abhishek Bhalla

SteelMint: India’s domestic steel scrap index falls for third straight day, down by INR 400/t

Nov 9, 2020

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by

Abhishek Bhalla

in Melting Scrap

SteelMint’s domestic steel scrap index decreased by INR 400/t today (09 Nov’20). The index for melting scrap (end cutting) is assessed at INR 27,600/t DAP Mandi Gobindgarh basis. Limited transactions in the semi-finished steel, sufficient stock with mills and increased number of offers resulted in price correction today. The Index also derives the HMS 80:20…