Tag: Mandi scrap index -SteelMint
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India: SteelMint scrap index rises on higher bids amid supply shortage
SteelMint’s domestic steel scrap (end-cutting) index rose INR 450/tonne (t) to INR 45,050/t DAP Mandi Gobindgarh on 2 September, 2022. There was scarcity of local scrap which supported the hike in prices. Imported scrap delivery also commenced but was not able to fulfill the needs of the Mandi-based mills. SteelMint heard that a few large…