Tag: SteelMint Mandi scrap index
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SteelMint: India’s domestic steel scrap index drops tracking correction in semis prices
SteelMint’s domestic steel scrap (end-cutting) index dropped INR 450/tonne (t) to INR 42,100/t DAP Mandi Gobindgarh on 4 June 2022. Domestic scrap prices in Mandi Gobindgarh, Punjab, remained under pressure because of slow steel ingots sales. Steel-makers are making needs-based purchases to meet their immediate requirements for the coming two-three days. Most mills are focussing…