Tag: SteelMint Mandi scrap index

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 700/tonne (t) to INR 47,700/t DAP Mandi Gobindgarh on 16 May 2022. Scrap traders reduced offers, however, mills stayed away from purchasing as they await clarity in price direction amid subdued demand for finished steel. Market participants have turned cautious and are sticking to need-based purchases…