Tag: SteelMint Mandi scrap index
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India: Mandi scrap index almost stable amid volatile semis prices
SteelMint’s domestic steel scrap (end-cutting) index inched down by INR 100/tonne (t) to INR 42,000/t DAP Mandi Gobindgarh on 25 May 2022. The shortage of scrap is supporting semi-finished (ingots) prices despite low demand. The inter-state scrap movement remained limited owing to intense checkings going on to prevent unaccountable transactions. Shipbreaking melting scrap prices in…