Tag: BigMint’s ferrous scrap index drops INR 400/t

BigMint’s domestic end-cutting scrap index in the Mandi Gobindgarh steel market decreased by INR 400/tonne (t) to INR 41,200/t DAP on 16 April. No significant deals were closed in the scrap market as mills anticipate further declines in the near term. Prices of other substitute raw materials such as sponge iron (CDRI) decreased by INR…