Tag: Mandi scrap index

SteelMint: India’s domestic steel scrap index jumps INR 700/t ($9/t) on limited availability

Feb 17, 2022

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by

Shankar

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 700/t to INR 44,500/tonne (t) DAP Mandi Gobindgarh on 17 Feb’22. Limited scrap availability forced buyers to raise their bids to procure requisite volumes. Shipbreaking melting scrap prices in Alang, Gujarat, increased by INR 800/t today to a new high, SteelMint assessment shows. HMS (80:20)…