Tag: Steelmint domestic steel scrap index

SteelMint’s domestic steel scrap (end-cutting) index edged down by INR 1,200/tonne (t) to INR 48,300/t DAP Mandi Gobindgarh on 25 April 2022. Market participants still expect spot prices to go down further due to muted demand in the semi-finished and finished steel market. Buyers have opted to a wait-and-watch mode which led to slow trading…