Tag: Mandi scrap index

SteelMint’s domestic steel scrap (end-cutting) index rose by INR 800/tonne (t) to INR 43,800/t DAP Mandi Gobindgarh on 16 Feb’22. Active transactions in semi-finished steel amidst improved demand for finished steel and increasing raw material costs encouraged scrap buyers to raise their bids. However, there were limited scrap offers in the market as sellers adopted…