Tag: India:BigMint’s ferrous scrap index decline by INR 100/t

India: BigMint’s ferrous scrap index dips by INR 100/t-18 Nov

Nov 18, 2024

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by

Tarun Naidu

in Melting Scrap

Raw material prices by INR 100-300/t Semi-finished dips by INR 100/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 100/tonne (t) to INR 36,400/t DAP on 18 November 2024. The steel market continues to face sluggish demand in both semi-finished and finished products, with mills under pressure to make…