Author: Tarun Naidu

India: BigMint’s ferrous scrap index dips INR 400/t amid general market downtrend

Jul 18, 2024

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by

Tarun Naidu

in Melting Scrap

Slow demand for finished steel to continue in Mandi Prices of semis drop by INR 400/t in Durgapur BigMint’s domestic end-cutting scrap index tracking the Mandi Gobindgarh market dipped by INR 400/t to INR 38,600/t DAP on 18 July, 2024. The continuous decrease in finished steel prices is putting pressure on mills, with liquidity issues…