Tag: Mandi scrap index -SteelMint

India: SteelMint scrap index rises on higher bids amid supply shortage

Jul 22, 2022

—

by

Shankar

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index rose INR 200/tonne (t) to INR 45,500/t DAP Mandi Gobindgarh on 22 July, 2022. Light melting scrap (LMS) prices were assessed at INR 40,500/t, HMS 80:20 at INR 43,200/t and CR busheling scrap at INR 46,700/t. Scrap availability in the Punjab market is tight as supplies from the nearby…