Tag: India: SteelMint’s domestic steel scrap index

SteelMint’s domestic steel scrap (end-cutting) index rose by INR 2,000/tonne (t) to INR 53,000/t DAP Mandi Gobindgarh. The sharp rise in semi-finished steel prices pushed scrap prices higher. Further, inter-state scrap movement remained limited owing to stringent departmental monitoring of material to prevent unaccountable transactions. Meanwhile, liquidity in the market is also tight, a scrap…