Tag: India’s domestic steel scrap index

SteelMint’s domestic steel scrap (end-cutting) index inched down by INR 100/tonne (t) to INR 43,300/t DAP Mandi Gobindgarh on 14 Feb’22. Scrap prices dropped as the market turned bearish due to weak buying interest from end-users of finished products. Standalone re-rollers decreased their bids for semi-finished steel, thus, increasing selling pressure on induction furnaces. Moreover,…