Tag: India: BigMint’s scrap index continues to slide in sluggish steel demand-11 Dec

Market faces liquidity pressure amid weak finished sales Leading automaker’s CR busheling auction sees price drop BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 200/tonne (t) d-o-d to INR 36,300/t DAP on 11 December 2024. Scrap procurement by steel mills slowed today, with prices declining steadily over the past three…