Tag: SteelMint Mandi scrap index

SteelMint’s domestic steel scrap index (end-cutting) remained stable at INR 48,400/tonne (t) DAP Mandi Gobindgarh on 14 May. Despite slight variations in semi-finished steel prices and minor correction in sponge iron prices, sellers kept offers unchanged. Finished steel sales of almost every category remained weak in the market. Thus, prices will not be supportive unless…