Tag: India: BigMint’s ferrous scrap index rises as steel prices improve

Sponge prices increases INR 600/t d-o-d Semi-finished steel prices surge INR 250/t today BigMint’s end-cutting scrap index, tracking Mandi Gobindgarh, rose INR 200/t d-o-d to INR 39,000/t DAP on 10 February. Semi-finished steel prices surged INR 250/t d-o-d, likely lifting scrap further. Demand picked up early but cooled as buyers turned cautious amid the rally,…