Tag: Mandi scrap index -SteelMint

SteelMint’s domestic steel scrap (end-cutting) index remained stable at INR 44,000/t DAP Mandi Gobindgarh on 18 February, 2023. Since there is a shortage of scrap in the Mandi market, ingot manufacturers have reduced their conversion spread, which is now at INR 10,500/t. However, Mandi sources hinted that mills will increase the conversion spread by next…