Tag: SteelMint Mandi scrap index

SteelMint’s domestic steel scrap (end-cutting) index increased by INR 650/tonne (t) d-o-d to INR 51,750/t DAP Mandi Gobindgarh on 22 Mar’22. Scrap prices found support from rising sponge iron and semi-finished prices. However, standalone re-rollers witnessed moderate finished steel movement due to higher offers. Retailers were booking in small volumes considering the uncertain market trend.…