Tag: SteelMint’s scrap index

India: SteelMint’s scrap index falls by INR 400/t tracking drop in steel prices

Feb 10, 2023

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by

Tarun Naidu

in Melting Scrap

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 400/tonne (t) to INR 42,000/t DAP Mandi Gobindgarh on 10 February, 2023. Low demand for semi-finished steel and finished products put downward pressure on scrap prices. Today, steel ingots prices in Mandi fall by INR 400/t d-o-d to INR 47,500/t at the time of reporting and…