Tag: India: Mandi gobindhgarh scrap Index

SteelMint’s domestic steel scrap (end-cutting) index increased further by INR 500/t to INR 44,700/t DAP Mandi Gobindgarh on 4 Feb’22. Due to an overall bearish trend due to steel ingots prices almost touching an all-time high (INR 50,000/t DAP), scrap offers in the market also increased, thereby widening the conversion spread from melting scrap to…