Author: Tarun Naidu

India: BigMint’s ferrous scrap index rises INR 400/t d-o-d amid supply concerns – 8 Oct

Oct 8, 2024

—

by

Tarun Naidu

in Melting Scrap

Sponge iron prices up by INR 200/t Semis market improves by INR 350/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, climbed up by INR 400/tonne (t) d-o-d to INR 39,300/t DAP on 8 October 2024. In the current market, scrap suppliers are facing challenges due to GST checks, due to which mills…