Tag: domestic scrap index

India’s domestic steel scrap index rises on persistent supply concerns

Feb 17, 2023

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by

Tarun Naidu

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index increased by INR 900/tonne (t) to INR 44,000/t DAP Mandi Gobindgarh on 17 February, 2023. The primary cause of the scrap price increase has been an increased demand for semi-finished steel due to limited availability of the material. Due to scrap shortage in mandi market, ingots manufacturers reduced their…