Author: Shankar
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India: BigMint’s ferrous scrap index drops by INR 100/t d-o-d amid moderate trading
Buying slows as demand for finished steel softens Ample stocks at mills prompt need-based buying BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 100/tonne (t) d-o-d to INR 37,500/t DAP on 1 January 2025. A mill owner informed BigMint, “The market was subdued, as buying activity slowed, with demand for…