Tag: SteelMint Mandi scrap index
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SteelMint: Mandi scrap index edges lower amid sluggish semis sales
SteelMint’s domestic steel scrap (end-cutting) index decreased by INR 500/tonne (t) to INR 47,500/t DAP Mandi Gobindgarh on 18 May 2022. Domestic scrap prices n Mandi Gobindgarh driven by slow steel ingots sales. Steel-makers continued to buy the raw material only to meet their immediate requirement for two-three days. Most mills focussed on liquidating their…