Tag: India’s domestic steel scrap index

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 1,000/tonne (t) to INR 49,900/t DAP Mandi Gobindgarh. The main factor attributed to the price hike is the shortfall of melting scrap in the spot market amidst ongoing administrative checkings across Punjab market to prevent unaccountable transactions. Most of the scrap sellers raised their offers…