Tag: India: BigMint’s ferrous scrap index continues to fall for third consecutive day

The index for domestic steel scrap (end-cutting) in Mandi Gobindgarh, according to BigMint, saw a decrease of INR 300/t on 6 February, 2024, settling at INR 36,900/t on a delivered-at-plant (DAP) basis. Mills in Mandi are procuring domestic scrap at subdued levels today, reflecting the sluggishness in the finished steel market. The market is experiencing…