Tag: Mandi scrap index
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SteelMint’s steel scrap index drops INR 400/t as semis prices correct
SteelMint’s domestic steel scrap (end-cutting) index fell INR 400/tonne (t) to INR 45,600/t DAP Mandi Gobindgarh on 17 September, 2022. The price discrepancy in the domestic market is due to the lack of demand for finished products and semis, as prices keep decreasing, while domestic scrap prices are rising on a daily basis. Amidst uncertain…