Tag: India: Mandi gobindhgarh scrap Index
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SteelMint: India’s domestic steel scrap index inches up despite dull finished trade
SteelMint’s domestic steel scrap index inched up by INR 300/tonne (t) to INR 47,500/t DAP Mandi Gobindgarh. Moderate semi-finished transactions supported scrap buying. Steel mills across India are facing the brunt of a steep rise in raw material prices along with the increase in scrap and sponge iron prices. A finished product manufacturer said that…