Tag: India:BigMint ferrous scrap index improve by INR 300/t+mandi updates+mandi steel market+scrap prices+steel market

Scrap prices rise amid shortage Prices of semis edge up in Mandi BigMint’s domestic end-cutting scrap index tracking the Mandi Gobindgarh market climbed by INR 300/t to INR 38,300/t DAP on 29 July, 2024. Local mills are opting for domestic scrap as imported scrap is currently not viable. The consumption of sponge iron has also…