Tag: SteelMint Mandi scrap index

SteelMint’s domestic steel scrap (end-cutting) index increased by INR 1,900/tonne (t) to INR 55,000/t DAP Mandi Gobindgarh on 9 Mar’22, higher by around 64% compared to the prices seen in the same period last year. A recovery in steel ingots/billets prices on d-o-d basis lent support to melting scrap prices. The basic conversion spread from…