Tag: SteelMint Mandi scrap index

SteelMint’s domestic steel scrap (end-cutting) index edged down by INR 300/tonne (t) to INR 52,500/t DAP Mandi Gobindgarh on 20 Apr’22. Market participants still expect spot prices to go down further, particularly due to weak downstream semis sales and adequate domestic scrap availability. Buyers opted to a wait-and-watch mode which led to spot trading slowing…