Author: Kameshwar Rao

SteelMint: India steel scrap index up INR 900/t on rising semi-finished steel prices

Feb 28, 2022

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by

Kameshwar Rao

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index rose INR 900/tonne (t) to INR 46,600/t DAP Mandi Gobindgarh on 28 Feb’22. The sharp price rise in prices of ingot/billet and the conversion spread impact pushed scrap prices higher. Scrap buyers are not willing to book material with the expectation of a fall in semi-finished steel prices. Further,…