Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index increased by INR 200/t today (04 Nov’20). The index for melting scrap (end cutting) is assessed at INR 28,400/t DAP Mandi Gobindgarh basis. Improved transactions in semi-finish as well as better realization against substitutes (sponge iron) led to hike in price range on d-o-d basis. Market participants expect hike in…