Tag: GRAP impact on steel market

India: BigMint’s scrap index jumps by INR 600/t d-o-d as steel prices improve – 5 Dec

Dec 5, 2024

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by

Tarun Naidu

in Melting Scrap

Sponge prices increase by INR 300/t Semis, finished steel rises INR 400/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, climbed up by INR 600/tonne (t) d-o-d to INR 36,600/t DAP on 5 December 2024. Mills procured domestic scrap in significant volumes as improved steel prices boosted activity. Additionally, the rise in scrap…