Tag: India: BigMint’s ferrous scrap index softens by INR 100/t d-o-d; rises INR 300/t w-o-w

Minor w-o-w price drop observed in sponge iron Scrap-to-finished spread improves by INR 200-300/t w-o-w BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, eased by INR 100/tonne (t) d-o-d to INR 38,100/t DAP on 3 July. Weekly scrap prices rose by INR 200-300/t, supported by moderate demand across semi-finished and finished steel segments.…