Tag: BigMint scrap index

India: BigMint’s scrap index rises by INR 200/t despite moderate demand

Feb 22, 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 22 Feb, 2024, recorded a rise of INR 200/t, settling at INR 37,600/t on a delivered-at-plant (DAP) basis. In this region, there was a noticeable shortage of scrap, prompting mills to procure scrap at moderate levels. The market has observed spot…