Tag: India: BigMint’s scrap index remains stable d-o-d amid muted steel market

India: BigMint’s scrap index drops INR 100/t d-o-d on weak steel demand

Nov 20, 2024

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by

Kamal Gohil

in Melting Scrap

Sponge iron prices decrease by INR 200/t d-o-d Semis, finished steel tags fall INR 100-200/t d-o-d BigMint’s domestic end-cutting scrap index for the Mandi Gobindgarh market fell by INR 100/t d-o-d to INR 36,300/t DAP on 20 November 2024. Steel demand in Mandi remains subdued. Mills are procuring scrap cautiously, limiting purchases to immediate needs…