Tag: SteelMint Mandi scrap index
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India: Domestic steel scrap index stable despite dull finished trade
SteelMint’s domestic steel scrap (end-cutting) index remained largely stable at INR 48,300/t DAP Mandi Gobindgarh on 27 April 2022. Moderate semi-finished transactions supported scrap buying despite sluggish finished steel demand in the region. However, a marginal improvement in buying enquiries of semi-finished steel was seen today in the second half, but it did not help…