Tag: SteelMint: India’s domestic steel scrap index

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 500/tonne (t) to INR 48,000/t DAP Mandi Gobindgarh on 8 April 2022. Limited demand in the finished steel segment amid rising inventory levels at mills resulted in subdued buying enquiries for semi-finished steel. This led to a correction in scrap prices. However, a few re-rollers informed…