Tag: steelmint scrap index

SteelMint’s domestic steel scrap (end-cutting) index increased by INR 500/tonne (t) to INR 43,100/t DAP Mandi Gobindgarh on 16 February, 2023. The key factor supporting hike in scrap prices has improved demand for semi-finished steel amid limited availability of the material. A shortage of scrap in Mandi market caused ingots manufacturers to reduce their conversion…