Tag: GST impact on trade

India: BigMint’s ferrous scrap index declines by INR 600/t amid muted steel market-21 Oct

Oct 21, 2024

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by

Tarun Naidu

in Melting Scrap

Raw material prices continue to drop Semis prices fall by INR 400/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, moved down by INR 600/t d-o-d to INR 37,600/t DAP on 21 October 2024. Muted demand for steel exerted downward pressure on mills, leading to a slowdown in their scrap purchasing capacity…