Author: Abhishek Bhalla

SteelMint: India’s domestic steel scrap index rises by INR 400/t on improved semi-finished trades

Nov 5, 2020

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by

Abhishek Bhalla

in Melting Scrap

SteelMint’s domestic steel scrap index increased by INR 400/t today (05 Nov’20). The index for melting scrap (end cutting) is assessed at INR 28,800/t DAP Mandi Gobindgarh basis. Decent transactions in semi-finished steel, led to price hike in domestic scrap. Market participants expect price range may slightly move up further in near term. The Index…