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 600/tonne (t) to INR 48,900/t DAP Mandi Gobindgarh on 16 August, 2022. Light melting scrap (LMS) prices were assessed at INR 43,900/t, HMS 80:20 at INR 46,600/t and CR busheling scrap at INR 50,100/t. As buying inquiries began to trickle in, sellers held their offers in anticipation…