Tag: India: BigMint’s scrap index jumps INR 500/t d-o-d amid improved steel demand

Finished steel buying rises on optimism regarding Budget Mandi’s sponge iron prices up; steel ingot, rebar tags surge too BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, climbed up by INR 500/tonne (t) d-o-d to INR 37,200/t DAP on 27 January 2025. In today’s trading session, the Mandi steel market experienced a positive…