Author: Abhishek Bhalla

SteelMint’s domestic steel scrap index declined by INR 200/t today (30 Oct’20). The index for melting scrap (end cutting) is assessed at INR 28,200/t DAP Mandi Gobindgarh basis. Limited trades and lower inquiries of finished steel resulted in price correction in domestic scrap as well. The Index also derives the HMS 80:20 scrap (Heavy, Med)…