Tag: BigMint scrap index
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India: BigMint’s scrap index rises by INR 300/t despite moderate demand
The domestic steel scrap index (end-cutting) in Mandi Gobindgarh, as reported by BigMint on 27 January, 2024, recorded a rise of INR 300/t, settling at INR 37,500/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…