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India: Ferrous scrap index continues to edge down

Source: Steelmint Jun 29, 2023 10:00
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Steel Scrap Global Price
SteelMint's domestic steel scrap (end-cutting) index decreased by INR 100/t d-o-d to INR 41,700/t DAP Mandi Gobindgarh on 27 June, 2023.
  There were limited trade inquiries in the scrap market. Due to low steel demand, major mills curtailed their scrap purchases while, on the other hand, mills are using sponge iron for steel-making as prices of sponge iron are cheaper than old scrap. As per SteelMint's assessment, prices for sponge

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