Tag: India: BigMint’s ferrous scrap index marginally declines by INR 100/t+mandi scrap prices+mandi steel market+today mandi update

Mills focusing on procuring domestic scrap Steel ingot prices fall by INR 300/t d-o-d BigMint’s domestic end-cutting scrap index tracking the Mandi Gobindgarh market dropped by INR 100/tonne (t) to INR 39,000/t DAP on 16 July, 2024. Demand for semi-finished and finished steel was subdued in the region. Scrap shortage has enabled suppliers to capitalise…