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

India: BigMint’s scrap index drops INR 100/t d-o-d on weak steel demand

Oct 25, 2024

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain steady d-o-d Semi-finished steel prices dip INR 100/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined INR 100/tonne (t) d-o-d to INR 36,600/t DAP on 25 October 2024. The scrap sector is facing challenges due to slow purchases by mills and subdued demand for finished steel, putting pressure…