Tag: Mandi scrap index

SteelMint: India steel scrap index rises INR 1,000/t on supportive sentiments

Apr 14, 2022

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by

Kamal Gohil

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index increased by INR 1,000/tonne (t) d-o-d to INR 49,500/t DAP Mandi Gobindgarh on 14 Apr’22. Scrap prices derived support from rising sponge iron and semi-finished steel prices. Meanwhile, liquidity in the market is tight due to bank holidays this week during the Baisakhi festival. Shipbreaking melting scrap prices in…