Tag: Mandi scrap index

SteelMint’s domestic steel scrap (end-cutting) index rose by INR 2,000/tonne (t) to INR 47,200/t DAP Mandi Gobindgarh on 16 Mar’22. Active transactions in semi-finished steel and tight scrap availability in the market lifted bids for scrap. Scrap sellers are anticipating a correction in the gap between scrap and ingot. However, a few trader sources said…