Tag: Mandi scrap index

SteelMint’s domestic steel scrap index (end-cutting) rose by 700/tonne (t) to INR 44,600/t DAP Mandi Gobindgarh on 29 Jan’22. Higher raw material (sponge iron) and semi-finished steel (ingots/billets) prices prompted scrap traders to raise their offers. Small induction furnace mills procured requisite volumes of scrap today while a few transactions were heard to be concluded…