Tag: SteelMint Mandi scrap index

SteelMint: India’s domestic steel scrap index falls by INR 1,500/t over decline in bids

Mar 11, 2022

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by

Shankar

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 1,500/tonne (t) to INR 53,000/t DAP Mandi Gobindgarh on 11 Mar’22. Today, there were plenty of offers in the market with sellers turning active which gave buyers the confidence to lower their bids. Furthermore, weak demand for finished steel products dragged down semi-finished steel prices, resulting…