Tag: SteelMint Mandi scrap index

SteelMint: India steel scrap index rises INR 1,600/t on supportive sentiments

Apr 28, 2022

—

by

Shankar

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index increased by INR 1,600/tonne (t) d-o-d to INR 49,900/t DAP Mandi Gobindgarh on 28 April 2022. The key factor that supported the price hike was the shortage of melting scrap in the spot market amidst ongoing administrative checkings across Punjab market to crack down on unaccountable transactions. On the…