Tag: India’s domestic steel scrap index

SteelMint: India’s domestic steel scrap index stable in absence of trade

Apr 7, 2022

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by

Shankar

in Melting Scrap

On 7 April, SteelMint’s domestic steel scrap (end-cutting) index remained unchanged at INR 48,500/tonne (t) DAP Mandi Gobindgarh. Domestic scrap trade remained muted amidst persistent weak demand for finished steel products, sources informed SteelMint. Meanwhile, some trade participants expect that semi-finished steel prices will drop sharply from the current levels when scrap inflow in the…