Tag: SteelMint Mandi scrap index
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India: Mandi scrap index slumps by 7% in single day
The steel industry was under extreme pressure today following the government’s decision to impose export duties on steel products. SteelMint’s domestic steel scrap (end-cutting) index plunged by INR 2,800/tonne (t) to INR 44,500/t DAP Mandi Gobindgarh on 23 May 2022. Sources said that, this week, steel manufacturers may see transactions in limited volume, as their…