Tag: BigMint’s ferrous scrap index falls by INR 600/t($7.21/t) on 9 April

India: BigMint’s ferrous scrap index falls by INR 600/t ($7.21/t) — 9 April

Apr 9, 2024

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by

Tarun Naidu

in Melting Scrap

BigMint’s ferrous scrap index on Tuesday showed a decline in domestic end-cutting scrap prices at Mandi Gobindgarh steel market, dropping by INR 600/t to INR 40,000/t for DAP (delivered at plant) basis. Throughout both halves of the trading session, scrap buyers in Mandi remained subdued, with hopes of further declines in scrap prices in the…