Tag: India: BigMint’s scrap index rises by INR 100/t amid range-bound prices

India: BigMint’s scrap index rises INR 100/t d-o-d in range-bound market

Dec 23, 2024

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by

Tarun Naidu

in Melting Scrap

Need-based buying, liquidity crunch weighs on scrap Sponge iron prices up INR 100/t, semis rise INR 200/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, rose INR 100/tonne (t) d-o-d to INR 37,300/t DAP on 23 December 2024 amid a range-bound market. As per sources, “The Mandi Gobindgarh steel market experienced moderate activity…