Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index increased marginally by INR 100/t today (02 Nov’20). The index for melting scrap (end cutting) is assessed at INR 28,300/t DAP Mandi Gobindgarh basis. Although decent transactions were seen in semi-finished steel segment, however not sharp hike in scrap prices was seen. Market participants shared that few major mills are…