Tag: Mandi scrap index
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India: SteelMint scrap index falls tracking correction in steel prices
SteelMint’s domestic steel scrap (end-cutting) index fell by INR 500/tonne (t) to INR 47,200/t DAP Mandi Gobindgarh on 15 July, 2022. LMS (light melting scrap) prices are assessed at INR 42,100/t, HMS 80:20 at INR 44,600/t, and CR busheling at INR 48,700/t. Ingots prices in Mandi witnessed a downward correction of INR 500/t d-o-d to…