Tag: Mandi scrap index
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SteelMint: India’s domestic steel scrap index stable amidst volatile semis prices
SteelMint’s domestic steel scrap (end-cutting) index remained steady at INR 43,800/tonne (t) DAP Mandi Gobindgarh on 11 Feb’22. A few ingots manufacturers in Punjab region were heard to be holding the material due to higher price expectation in the coming days. Meanwhile, finished steel (rebar/structure) demand has improved since yesterday due to the declining price…