Tag: India: BigMint’s scrap index slips INR 400/t as steel demand fizzles-13 Nov

Raw material prices drop by INR 150-200/t Semis, finished sales slow, prices dip d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 400/t to INR 37,100/t DAP on 13 November 2024. Scrap procurement by mills remained weak today due to sales pressure in both semi-finished and finished steels across major…