Tag: SteelMint Mandi scrap index
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SteelMint: Domestic scrap index stays stable despite semis price correction
On 13 May, SteelMint’s domestic steel scrap (end-cutting) index remained unchanged at INR 48,400/tonne (t) DAP Mandi Gobindgarh. Inter-state scrap movement remained limited owing to stringent departmental monitoring to prevent unaccountable transactions. Semi-finished prices witnessed a slight correction in today’s trading session, however, the trend did not reflect in melting scrap prices. Instead, prices remained…