Tag: India: BigMint’s scrap index climbed by INR 400/t($4.80/t) amid improved steel prices

BigMint’s domestic steel end-cutting scrap index for Mandi Gobindgarh rose by INR 400/t to INR 38,000/t DAP. Increase in scrap prices across grades in the region was largely due to scarcity of scrap. Improved trading activity for semis and finished steel also boosted scrap values. Today, there was a significant increase in steel ingot prices,…