Tag: Mandi scrap index prices

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 800/tonne (t) to INR 46,200/t DAP Mandi Gobindgarh on 25 Feb’22. The index has hit an all-time since data maintained with SteelMint from October 2020. Higher raw material (sponge iron) and semi-finished steel (ingots/billets) prices prompted scrap traders to raise their offers. Sources said, there…