Tag: Steelmint domestic steel scrap index

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 1,400/tonne (t) to INR 46,600/t DAP Mandi Gobindgarh on 11 Apr’22. Scrap prices dropped as the market turned bearish due to weak buying interest from end-users of finished steel products. Standalone re-rollers decreased their bids for semi-finished steel, thus increasing selling pressure on induction furnace steelmakers.…