Tag: Mandi scrap index -SteelMint

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 300/tonne (t) to INR 41,200/t DAP Mandi Gobindgarh on 10 November, 2022. There is scrap shortage in the market which has limited any major fall in ingot prices. However, if scrap availability improves, a sharp correction of around INR 500-1,000/t in ingot prices is expected. In…