Tag: Mandi scrap index -SteelMint

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

Jul 18, 2022

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by

Shankar

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index rose INR 500/tonne (t) to INR 46,900/t DAP Mandi Gobindgarh on 18 July, 2022. Light melting scrap (LMS) prices were assessed at INR 41,800/t, HMS 80:20 at INR 44,300/t and CR busheling scrap at INR 48,200/t. What’s driving the market? Scrap availability in the Punjab market is tight as…