Tag: BigMint ferrous scrap index

India: BigMint’s ferrous scrap index increases by INR 300/t d-o-d amid soft market

Feb 3, 2024

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by

Tarun Naidu

in Melting Scrap

The domestic steel scrap index (end-cutting) in Mandi Gobindgarh, as reported by BigMint on 3 February 2024, recorded a rise of INR 300/t, settling at INR 37,500/t on a delivered-at-plant (DAP) basis. Mills in Mandi are prioritising the procurement of domestic steel scrap at moderate levels due to the unviability of imported scrap prices at…