Tag: SteelMint Mandi scrap index
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India’s scrap index holds steady despite volatile steel prices
SteelMint’s domestic steel scrap (end-cutting) index remained stable at INR 42,100/tonne (t) DAP Mandi Gobindgarh on 6 June, 2022. Ingots at Mandi opened at INR 49,000/t higher than the previous closing date, by INR 1,000/t, but the market did not accept or support the price. Hence, ingots closed at INR 48,200/t. A few buyers and…