Tag: BigMint scrap index

India: BigMint’s domestic steel scrap index declines by INR 200/t amid mixed market trend

Jan 31, 2024

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by

Tarun Naidu

in Melting Scrap

On 31 January, 2024, BigMint’s domestic steel scrap index (end-cutting) in Mandi Gobindgarh saw a decrease of INR 200/t, reaching INR 37,400/t on a delivered-at-plant (DAP) basis. Trade activity in the Mandi steel market remained moderate, with mills maintaining a decent pace in the procurement of scrap. Semis’ market During the reporting and normalisation process,…