Tag: India: BigMint ferrous scrap index sharply up amid moderate market 24 Oct

Buying slows as demand for finished steel softens Ample stocks at mills prompt need-based buying BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 100/tonne (t) d-o-d to INR 37,500/t DAP on 1 January 2025. A mill owner informed BigMint, “The market was subdued, as buying activity slowed, with demand for…