SteelMint

Tag: SteelMint Mandi scrap index

  • India’s domestic steel scrap index rises INR 1,600/t

    India’s domestic steel scrap index rises INR 1,600/t

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    by

    Shankar
    in

    SteelMint’s domestic steel scrap (end-cutting) index rose further by INR 1,600/t to INR 51,500/t DAP Mandi Gobindgarh on 29 Apr’22. The price correction in semi-finished steel (ingots/billets) amidst moderate trade in finished steel prompted buyers to adjust their bids to maintain conversion spreads. The market was nearly closed today due to a power cut announced…