Tag: BigMint scrap index

On 10 April, 2024, BigMint’s domestic scrap (end-cutting) index held firm at INR 40,000/t DAP Mandi Gobindgarh. Scrap procurement encountered obstacles due to a shortage of scrap and discrepancies between buyers and sellers. Additionally liquidity issue persisted in the market. A mill owner commented: “We think Mandi ingot prices won’t decrease from current level as…