Tag: SteelMint Mandi scrap index

SteelMint: India’s domestic steel scrap index falls INR 1,500/t on slow finished steel offtake

Apr 30, 2022

—

by

Shankar

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 1,500/tonne (t) to INR 50,000/t DAP Mandi Gobindgarh on 30 April 2022. There were ample offers in the market today which gave buyers the confidence to lower their bids. Furthermore, weak demand for finished steel products dragged down semi-finished steel prices, resulting in a sharp downward…