Tag: India: BigMint’s scrap index declines INR 200/t amid rangebound steel prices

DRI prices fall by INR 100/t d-o-d Finished steel prices remains steady today 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 7 February, 2025. Demand continues to remain weak in the Mandi steel market while mills are procuring scrap strictly on…