SteelMint

Tag: Mandi scrap index -SteelMint

  • India: SteelMint’s benchmark scrap index continues to decline

    India: SteelMint’s benchmark scrap index continues to decline

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    by

    Shankar
    in

    SteelMint’s domestic steel scrap (end-cutting) index fell by INR 800/tonne (t) to INR 38,000/t DAP Mandi Gobindgarh on 24 November, 2022. Low demand for semi-finished steel and finished products put downward pressure on scrap prices. Uncertainty surrounding trade and future demand prospects from the domestic market have negatively affected scrap prices. A trader source said:…