Tag: India: BigMint’s scrap index improves by INR 400/t amid moderate trade inquiries

Sponge iron prices increase by INR 100/t Semis, finished prices up INR 300-400/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 400/t to INR 37,300/t DAP on 18 December 2024. Today’s mandi market witnessed heightened GST raids and border checks, adding pressure to an already stressed steel industry. Many mills…