Tag: Mandi scrap index
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India’s domestic steel scrap index rises INR 800/t on limited availability
SteelMint’s domestic steel scrap (end-cutting) index rose by INR 800/t to INR 50,800/t DAP Mandi Gobindgarh on 2 May 2022. Limited scrap availability compelled buyers to raise their bids. The price correction in semi-finished steel (ingots/billets) amidst moderate trade in finished steel prompted scrap buyers to adjust their bids to maintain conversion spreads. The Index derives…