Tag: India: BigMint’s ferrous scrap index up INR 200/t d-o-d INR 270/t w-o-w

Tight supply, higher steel demand lifts scrap index w-o-w Increased sponge iron usage limits scrap price uptrend BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, rose by INR 200/tonne (t) d-o-d to INR 37,900/t DAP on 24 July. W-o-w, scrap prices increased by INR 270-400/t, supported by a mild supply shortage and improved…