Tag: Alang market scrap prices

India: BigMint’s scrap index stays stable but soft steel demand weighs on market

Dec 13, 2024

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain unchanged d-o-d Semis, finished steel prices witness stability BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market remained steady d-o-d at INR 36,500/t DAP on 13 December 2024. Today, the scrap market remained steady with average trading activity observed in semi-finished steel. Mills are procuring scrap but inventory pressure persists…