Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index remained stable today (31 Oct’20). The index for melting scrap (end cutting) is assessed at INR 28,200/t DAP Mandi Gobindgarh basis. Marginal trade volumes were observed, however buying inquiries in semi-finished steel remained limited today. The Index also derives the HMS 80:20 scrap (Heavy, Med) and CR Sheet cutting prices…