Tag: SteelMint Mandi scrap index
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India: SteelMint benchmark scrap index rises on higher bids amid supply shortage
SteelMint’s domestic steel scrap (end-cutting) index moved up by INR 500/tonne (t) to INR 41,650/t DAP Mandi Gobindgarh on 2 June 2022. Scrap availability in the market is tight as supply from the nearby markets have impacted ever since the GST-checks by the government officials to eliminate unaccountable transactions have been launched. All nearby-state suppliers…