Author: Shankar

India: BigMint’s ferrous scrap index falls INR 300/t d-o-d amid sluggish steel demand

Jan 8, 2025

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by

Shankar

in Melting Scrap

BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, slipped by INR 300/tonne (t) d-o-d to INR 36,800/t DAP on 8 January 2025. A mill owner informed: “The Mandi steel market experienced a decline in prices for steel scrap, semi-finished, and finished steel, driven by weak demand in the finished steel segment. The market…