Tag: India: Mandi gobindhgarh scrap Index

SteelMint’s domestic steel scrap (end-cutting) index increased further by INR 1,600/tonne (t) to INR 48,500/t DAP Mandi Gobindgarh on 13 April, 2022. The key factor supporting this substantial hike on a d-o-d basis was improved demand in semi-finished steel amidst marginal price enhancement in sponge iron prices, following the uptrend in fuel prices. However, standalone…