Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index decreased by INR 400/t today (07 Nov’20). The index for melting scrap (end cutting) is assessed at INR 28,000/t DAP Mandi Gobindgarh basis. Limited transactions in the semi-finished steel along with sufficient stock levels of scrap with mills resulted in fall in prices. The Index also derives the HMS 80:20…