Tag: SteelMint Mandi scrap index

SteelMint: India’s domestic steel scrap index dips INR 200/t on weak finished steel demand

Apr 19, 2022

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by

Shankar

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index witnessed a marginal correction of INR 200/tonne (t) to INR 52,800/t DAP Mandi Gobindgarh on 19 Apr’22. Limited demand in the finished steel segment and overall dull sentiments resulted in subdued buying enquiries for semi-finished steel which ultimately put pressure on scrap offers. Meanwhile, due to high fluctuation in…