Tag: SteelMint: India’s domestic steel scrap index

SteelMint’s domestic steel scrap index (end-cutting) dropped by INR 1,200/tonne (t) to INR 48,500/t DAP Mandi Gobindgarh today. Limited finished steel demand has put pressure on the semi-finished market. There was no buying enquiry which led to a sharp price correction, forcing scrap traders to adjust their offers accordingly. Supply shortage persisted amid strict administrative…