Tag: Mandi scrap index prices

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 500/tonne (t) to INR 51,000/t DAP Mandi Gobindgarh on 16 Apr’22. Scrap prices dropped as the market turned bearish due to weak buying interest from end-users of finished steel products. Buyers opted for a wait and watch mode which led to spot trading slowing down throughout…