Tag: steelmint scrap index
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India: SteelMint’s scrap index remains stable despite low trade inquiries
SteelMint’s domestic steel scrap (end-cutting) index remained stable at INR 42,500/t DAP Mandi Gobindgarh on 29 March, 2023. Today in Mandi, the market for semis and finished steel was weak. Moreover, liquidity crunch persisted. Steel ingots prices in Mandi fell by INR 200/t d-o-d to INR 48,200/t at the time of reporting and price normalisation.…