Tag: Mandi Gobindgarh

SteelMint: India’s domestic steel scrap index falls INR 300/t on adequate availability

Aug 23, 2021

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by

Abhishek Bhalla

in Melting Scrap

SteelMint’s domestic steel scrap index (end-cutting) decreased by INR 300/t to INR 37,900/t DAP Mandi Gobindgarh basis. A slight correction in semi-finished steel prices adjusted scrap offers and bids accordingly. Factors which could be attributed to the slight modifications are improved scrap inflow which put selling pressure on sellers and traders where they have to…