Tag: SteelMint domestic scrap index
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India: SteelMint’s domestic scrap index falls INR 100/t as steel prices decline
SteelMint’s domestic steel scrap (end-cutting) index fell by INR 100/tonne (t) to INR 42,400/t DAP Mandi Gobindgarh on 8 February, 2023. Low demand for semi-finished and finished steel put downward pressure on scrap prices. Today, steel ingots prices in Mandi fell by INR 350/t d-o-d to INR 47,800/t at the time of reporting and price…