Tag: BigMint scrap index
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India: BigMint’s ferrous scrap index remains stable amid moderate trade
On 13 March, 2024, BigMint’s domestic scrap (end-cutting) index held firm at INR 37,500/t DAP Mandi Gobindgarh. However, the scrap procurement activity faced challenges due to discrepancies between buyers and sellers, leading to only a few mills acquiring scrap at equitable prices. Semis’ market Steel ingot prices in Mandi held steady at INR 42,800/t d-o-d…