Tag: BigMint’s ferrous scrap index jump by INR 700/t

India: BigMint’s ferrous scrap index rises by INR 700/t ($8.39/t) – 4 April

Apr 4, 2024

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by

Tarun Naidu

in Melting Scrap

BigMint’s data for 4 April, 2024 revealed a rise of INR 700/t in the domestic steel scrap index (end-cutting) in Mandi Gobindgarh, reaching INR 39,700/t on a delivered-at-plant (DAP) basis. The market is experiencing a shortage of scrap, yet buyers are hesitant to purchase imported scrap given the current situation. Steel market Steel ingot prices…