Tag: Mandi scrap indexSteelMint: India domestic steel scrap index

Domestic steel scrap prices picked up after a prolonged downward trend. Since finished steel demand remains sluggish, most participants don’t expect this price hike to get absorbed in the market. SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 500/tonne (t) to INR 50,000/t DAP Mandi Gobindgarh on 6 May 2022. Most mills have…