Tag: Mandi scrap index

India: SteelMint scrap index spikes on improved trade; supply shortage persists

Jun 17, 2022

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by

Kamal Gohil

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index climbed by INR 1,200/t to INR 44,300/tonne (t) DAP Mandi Gobindgarh on 17 June 2022. Meanwhile, LMS (light melting scrap) prices were at INR 39,500/t, HMS 80:20 at INR 42,200/t, and CR busheling at INR 46,100/t. Indian domestic steel producers mainly in the northen region are facing challenges in…