Tag: Mandi scrap index
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India: Mandi steel scrap index plummets on weak sentiments
SteelMint’s domestic steel scrap (end-cutting) index plummeted by INR 2,400/tonne (t) to INR 42,100/t DAP Mandi Gobindgarh on 24 May 2022. Domestic scrap prices in Mandi Gobindgarh were under pressure because of slow steel ingots sales. Steel-makers are making need-based purchases to meet immediate requirement for two-three days. Most mills focussed on liquidating their steel…