Tag: Mandi scrap index prices
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India: SteelMint steel scrap index rises by INR 1,000/t amid tight supply
SteelMint’s domestic steel scrap (end-cutting) index rose by INR 1,000/t to INR 40,300/t DAP Mandi Gobindgarh on 29 November, 2022. Scrap supply has still not improved in the domestic market. This, coupled with a rise in semis prices, lifted the index. Scrap buyers raised their bids to secure adequate quantities backed by a marginal rise…