Tag: SteelMint’s scrap index falls by INR 300/t tracking drop in steel prices

SteelMint’s scrap index falls by INR 300/t tracking drop in steel prices

Jan 31, 2023

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by

Kamal Gohil

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 300/tonne (t) to INR 43,300/t DAP Mandi Gobindgarh on 31 January, 2023. Low demand for semi-finished steel and finished products put downward pressure on scrap prices. Prices of steel ingots in Mandi Gobindgarh opened on a positive note at INR 49,300/t in morning trade today, but…