Author: Tarun Naidu
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India: BigMint’s ferrous scrap index stable despite weak steel demand
Sponge iron prices drop by INR 100/t Semis, finished steel prices dip INR 100-300/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable at INR 38,300/t DAP on 17 October 2024. In the scrap segment, moderate trading inquiries were noted in the Mandi steel market, as mills focused on sourcing domestic…