Tag: India domestic scrap prices

SteelMint’s domestic steel scrap index has declined by INR 100/t  today (23 Jan’21). The index for melting scrap (end cutting) is assessed at INR 29,000/t DAP Mandi Gobindgarh basis. Continuous decline in semi-finished steel prices has kept bids on the lower side, resulting in drop in domestic scrap prices. In addition to it, imported scrap…