Tag: BigMint’s scrap index inches up by INR 100/t

India: BigMint’s scrap index inches up by INR 100/t ($1/t) in slow trade- 11 Apr

Apr 11, 2024

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by

Tarun Naidu

in Melting Scrap

The BigMint’s domestic end-cutting scrap index in the Mandi Gobindgarh steel market rose by INR 100/tonne (t) to INR 40,100/t DAP on 11 April. In Mandi, sponge iron (CDRI) prices surged by INR 400/t to INR 33,400/t due to enhanced demand. Meanwhile, pig iron (steel grade) prices held steady at INR 40,800/t DAP in Ludhiana.…