Tag: India: BigMint’s scrap index fell by INR 300/t amid weak market sentiments

Mills slash production amid high finished stocks Alternative raw material prices dip INR 100-200/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 300/tonne (t) d-o-d to INR 35,600/t DAP on 2 December 2024. The Mandi steel market remains under pressure due to subdued demand. Scrap prices declined by INR 600-800/t…