Tag: Mandi scrap index prices

India: SteelMint’s scrap index drops tracking correction in semis prices

Aug 29, 2022

—

by

Kamal Gohil

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 800/tonne (t) to INR 44,800/t DAP Mandi Gobindgarh on 29 August 2022. Steel ingot prices in Mandi witnessed a downward correction of INR 800/t d-o-d to INR 49,500/t at the time of reporting and price normalisation. Weak demand for finished steel products dragged down semi-finished steel…