Tag: India: BigMint’s ferrous scrap index slips INR 100/t d-o-d; muted steel market

Sponge iron gains traction amid absence of imported scrap Logistics headwinds, scrap shortage tighten sentiment in Mandi BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, rose by INR 200/tonne (t) d-o-d to INR 38,400/t DAP on 29 May. On a weekly basis, prices surged by INR 350-400/t, supported by tightening scrap availability and…