Author: Kameshwar Rao

SteelMint: India’s domestic steel scrap index drops INR 400/t as semis’ prices correct

Dec 1, 2021

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by

Kameshwar Rao

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index saw a marginal downward correction by INR 400/tonne (t) to INR 39,200/t DAP Mandi Gobindgarh on 1 Dec’21. Key factors affecting scrap prices: Moderate demand for finished steel products amid limited buying enquiries for semi-finished steel led to the slight correction in scrap prices today. With down trending semi-finished…