Tag: Mandi scrap index prices
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India’s domestic steel scrap index rises by INR 1,000/t on limited availability
SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 1,000/tonne (t) to INR 42,800/t DAP Mandi Gobindgarh. Scrap availability in the market is extremely low since GST checks launched by government officials to eliminate unaccountable transactions have impacted arrivals from the nearby markets. Meanwhile, scrap buyers have raised their bids in order to secure…