Tag: Bigmint weekly scrap index

India: BigMint’s ferrous scrap index sinks to 2.5-year low on muted steel market sentiment

Feb 10, 2024

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by

Tarun Naidu

in Melting Scrap

The index for domestic steel scrap (end-cutting) in Mandi Gobindgarh declined by INR 100 per tonne (t), reaching INR 36,700/t on a delivered-at-plant (DAP) basis on 10 February, 2024 The rise in sponge iron utilisation, coupled with a robust influx of scrap, has resulted in a decline in scrap prices, with end-cutting scrap prices dipping…