Tag: SteelMint Mandi scrap index

SteelMint’s Mandi scrap (end-cutting) index inched up by INR 200/tonne (t) to INR 47,700/t DAP Mandi Gobindgarh on 19 May 2022. The shortage of scrap is keeping the semi-finished (ingots) market stable inspite of muted demand. The inter-state scrap movement remained limited owing to intense checkings going on to prevent unaccountable transactions. Shipbreaking melting scrap…