Tag: domestic scrap index

India: SteelMint’s scrap index falls INR 200/t tracking drop in steel prices

Mar 11, 2023

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by

Tarun Naidu

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 200/tonne (t) to INR 44,000/t DAP Mandi Gobindgarh on 11 March, 2023. Low demand for semi-finished and finished steel products put downward pressure on scrap prices. Today, steel ingots prices in Mandi edged down by INR 100/t d-o-d to INR 49,400/t at the time of reporting…