Tag: GRAP impact on steel market

India: BigMint’s scrap index up INR 200/t as market recovery signs gradually emerge

Dec 4, 2024

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by

Tarun Naidu

in Melting Scrap

Sponge prices rise by INR 200/t Semis, finished steel prices up INR 200-300/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, edged up by INR 200/tonne (t) d-o-d to INR 36,000/t DAP on 4 December 2024. The Mandi-based steel mills are increasingly turning to domestic scrap procurement, driven by an upward trend in…