Tag: SteelMint Mandi scrap index
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SteelMint: India’s domestic steel scrap index flat amidst volatile semis prices
SteelMint’s domestic steel scrap (end-cutting) index remained largely stable at INR 49,000/tonne (t) DAP Mandi Gobindgarh on 26 Mar’22 amidst slight fluctuations in semi-finished steel prices. Due to weak demand amidst the uncertain price movements, buyers opted for a wait and watch mode which led to spot trading slowing down throughout the day, SteelMint learnt…