Tag: domestic scrap index

India: SteelMint’s scrap index rises INR 250/t despite slowdown in demand

Mar 24, 2023

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by

Tarun Naidu

in Melting Scrap

SteelMint’s domestic scrap (end-cutting) index edged up by INR 250/t d-o-d to INR 42,550/tonne (t) DAP Mandi Gobindgarh on 24 March, 2023. The index rose slightly despite slowdown in trade activities even as liquidity issues persisted in the market. Steel ingot prices in Mandi Gobindgarh rose by INR 50/t d-o-d to INR 48,150/t at the…