Tag: India: BigMint’s scrap index holds steady d-o-d; need-based buying dominates steel market

Tight supply of certain grades allows for stable scrap tags Semis, finished steel prices slide amid weak sentiment BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 35,700/tonne (t) DAP on 8 July. Steel market activity remained sluggish today, with buying largely restricted to need-based purchases. Persistent weak demand…