Tag: India: BigMint’s scrap index declines by INR 200/t amid muted steel market

Semis, finished prices drops by INR 100-200/t Major scrap auction sees dip of INR 300/t m-o-m BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined slightly by INR 200/tonne (t) d-o-d to INR 36,600/t DAP on 12 February, 2025. Mills are procuring scrap only on need basis, as the steel market is currently…