Tag: Mandi scrap index

SteelMint’s domestic steel scrap (end-cutting) index inched down INR 100/t to INR 45,000/tonne (t) DAP Mandi Gobindgarh on 21 Feb’22. Scrap prices dropped as the market turned bearish due to weak buying interest from end-users of finished steel products. Standalone re-rollers decreased their bids for semi-finished steel, thus increasing selling pressure on induction furnace steelmakers.…