Category: Uncategorized
-
India: BigMint’s scrap index remains stable despite low trade inquiries
On 23 January, 2024, BigMint’s domestic steel scrap (end-cutting) index remained unchanged d-o-d, reaching INR 37,500/t on a delivered-at-plant (DAP) basis in Mandi Gobindgarh. In the region, the semi-finished and finished steel markets experienced subdued conditions due to limited demand. The supply of scrap is currently constrained, leading mills to incorporate sponge iron into their…