Tag: SteelMint: India’s domestic steel scrap index

SteelMint’s domestic steel scrap index for end-cutting material plunged by INR 3,800/t to INR 49,200/t DAP Mandi Gobindgarh on 12 Mar’22. Reasons behind the price correction: Limited buying interest from rolling mills for semi-finished steel on expectation of a price correction in the near term. Meanwhile, finished steel buying also weakened. A slight correction in…