Tag: India: BigMint’s ferrous scrap index remains stable d-o-d amid modest demand in steel

Raw material prices witness price drop Rebar dips by INR 200/t d-o-d in Mandi BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 36,100/tonne (t) DAP on 27 November 2024. The Mandi market continued to witness a pause in steel demand, keeping mills under pressure. Buyer activity remained muted,…