Tag: SteelMint Mandi scrap index

SteelMint’s domestic steel scrap (end-cutting) index rose by INR 700/tonne (t) to INR 48,200/t DAP Mandi Gobindgarh. The shortage of scrap is keeping the semi-finished (ingots) market stable inspite of muted demand. According to market sources, more than 40 furnaces at Mandi Gobindgarh are only running for 8 hours a day due to scrap shortages.…