Tag: SteelMint: India’s domestic steel scrap index

SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 700/t to INR 49,700/tonne (t) DAP Mandi Gobindgarh on 28 Mar’22. Limited scrap availability forced buyers to raise their bids to procure requisite volumes. However, standalone re-rollers witnessed moderate finished steel movement due to higher offers. Retailers were booking in small volumes considering the uncertain…