SteelMint

Tag: Mandi scrap index

  • India: Mandi steel scrap index edges up on supply shortage

    India: Mandi steel scrap index edges up on supply shortage

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    by

    Shankar
    in

    SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 150/tonne (t) to INR 41,800/t DAP Mandi Gobindgarh. The shortage of scrap is supporting the semi-finished (ingots) market inspite of muted demand. According to market sources, more than 40 furnaces in Mandi Gobindgarh are running for only 8-10 hours a day due to limited scrap…