Tag: BigMint scrap index

India: BigMint’s scrap index rises by INR 1,300/t w-o-w – 20 Feb

Feb 20, 2024

—

by

Tarun Naidu

in Melting Scrap

On 20 February, 2024, according to BigMint’s report, the index for domestic steel scrap (end-cutting) in Mandi Gobindgarh increased by INR 200 per tonne (t), reaching INR 37,600/t on a delivered-at-plant (DAP) basis. This surge is attributed to active trading and a scarcity of domestic scrap, resulting in a weekly increase of INR 1,300/t in…