Tag: India: Mandi gobindhgarh scrap Index

SteelMint’s domestic steel scrap index (end-cutting) dropped by INR 1,000/tonne (t) to INR 49,400/t DAP Mandi Gobindgarh today. Limited finished steel demand has put pressure on the semi-finished market. There was no buying enquiry which led to a sharp price correction, forcing scrap traders to adjust their offers accordingly. Supply shortage persisted amid strict administrative…