Author: Tarun Naidu
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India: BigMint’s ferrous scrap index rises slightly, market sentiments unchanged
BigMint’s domestic steel scrap index (end-cutting), which tracks the Mandi Gobindgarh market, recorded a rise of INR 100/t, settling at INR 37,700/t on a delivered-at-plant (DAP) basis on 28 February, 2024. Steel market The cost of steel ingots in Mandi increased by INR 100/t to INR 43,000/t during the reporting and normalization phase. Similarly, other…