Tag: BigMint ferrous scrap index
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India: BigMint’s ferrous scrap index continues to fall amid limited trade activities
On 12 March, 2024, BigMint’s report indicated a drop in the index for domestic steel scrap (end-cutting) in Mandi Gobindgarh by INR 200/t, settling at INR 37,500/t on a delivered-at-plant (DAP) basis. The steel market in the region saw subdued buying activity, with mills procuring scrap at levels based on immediate need. The pricing for…