Tag: India:BigMints ferrous scrap index dips 100/t +Mandi market+mandi updates+scrap news+scrap prices+mandi scrap market

India: BigMint’s ferrous scrap index dips by 100/t amid weak finished steel demand

Jul 24, 2024

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by

Tarun Naidu

in Melting Scrap

Shortage of scrap continues at Mandi Sponge, pig iron prices hold steady d-o-d BigMint’s domestic end-cutting scrap index tracking the Mandi Gobindgarh market marginally fell by INR 100/tonne (t) to INR 37,700/t DAP on 24 July, 2024. Mills are procuring scrap at minimal levels because of the ongoing shortage and lacklustre steel demand. Imported buyers…