Tag: Mandi scrap index

India: SteelMint’s scrap index drops tracking correction in semis prices

Jul 30, 2022

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by

Shankar

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 500/tonne (t) to INR 46,900/t DAP Mandi Gobindgarh on 30 July, 2022. Meanwhile, LMS (light melting scrap) prices are assessed at INR 42,000/t, HMS 80:20 at INR 44,700/t, and CR busheling at INR 48,200/t. Ingots prices in Mandi witnessed a downward correction of INR 300/t d-o-d…