Tag: Mandi scrap index
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SteelMint: India’s domestic steel scrap index largely stable amidst volatile semis prices
SteelMint’s domestic steel scrap (end-cutting) index remained almost flat at INR 44,200/tonne (t) DAP Mandi Gobindgarh on 1 Feb’22 amidst slight fluctuations in semi-finished steel prices. Further, standalone re-rollers informed that they are currently operating for 4-5 days in a week due to poor offtake of the material amidst inventory pile up. On the other…