Tag: HMS SCARP PRICES

India: BigMint’s scrap index declines by INR 200/t in muted steel market

Feb 12, 2025

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by

Tarun Naidu

in Melting Scrap

Semis, finished prices drops by INR 100-200/t Major scrap auction sees dip of INR 300/t m-o-m BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined slightly by INR 200/tonne (t) d-o-d to INR 36,600/t DAP on 12 February, 2025. Mills are procuring scrap only on need basis, as the steel market is currently…