Tag: India’s domestic scrap index

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 1,500/tonne (t) to INR 50,800/t DAP Mandi Gobindgarh on 22 April 2022. Falling semi-finished steel (ingots/billets) prices due to lack of demand from the re-rolling mills have put scrap prices under pressure today. Buyers are reluctant to make scrap bookings owing to decreasing semi-finished prices alongside…