Tag: BigMint scrap index

India: BigMint’s scrap index continues to rise amid supply concerns

Feb 19, 2024

—

by

Tarun Naidu

in Melting Scrap

According to BigMint’s report dated 19 February, 2024, the index for domestic steel scrap (end-cutting) in Mandi Gobindgarh surged by INR 300 per tonne (t), reaching INR 37,400/t on a delivered-at-plant (DAP) basis. Additionally, the local steel market is grappling with a scrap shortage. In the region, steel ingot prices increased by INR 150/t to…