UTC+8 ( BJT)

India's domestic steel scrap index largely stable


SteelMint's domestic steel scrap (end-cutting) index remained almost firm at INR 39,000/tonne (t) DAP Mandi Gobindgarh. Few scrap transactions were reported through the day but prices remained range-bound today.
Availability of the usual grades of scrap is better w-o-w basis but higher quality grades are still in tight supply. However, few induction furnace units indicated that imported scrap could be viable if offers hover around $440-450/t for HMS 80:20. Although slight price disparity is there between domestic and imported


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