Tag: SteelMint Mandi scrap index

SteelMint: India domestic steel scrap index edges lower

May 10, 2022

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by

Shankar

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 1,000/tonne (t) to INR 48,400/t DAP Mandi Gobindgarh on 10 May 2022. Domestic scrap prices declined in Mandi Gobindgarh driven by slow steel ingot sales. Steelmakers continued to buy raw material only to meet their immediate melt requirements in a weak finished steel market. Most mills…