Tag: BigMint scrap index
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India: BigMint’s ferrous scrap index continues to fall amid weak market sentiments
The index for domestic steel scrap (end-cutting) in Mandi Gobindgarh, as reported by BigMint, declined by INR 300/t on 2 February, 2024, reaching INR 37,100/t on a delivered-at-plant (DAP) basis. The procurement of domestic scrap by mills in Mandi is at a satisfactory level, even though the overall working pace was subdued. Semis’ market In…