Tag: GST impact on trade

India: BigMint’s ferrous scrap index edges up despite soft steel demand

Nov 12, 2024

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by

Tarun Naidu

in Melting Scrap

Raw materials, steel prices remain unchanged Finished steel prices expected to remain rangebound BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, rose marginally by INR 100/t to INR 37,500/t DAP on 12 November 2024. Scrap prices saw a slight increase, but trade activity in semi-finished and finished steel remained limited today. In the…