Tag: India:BigMints ferrous scrap index stable despite weak steel demand

India: BigMint scrap index up INR 500/t; steel market sees moderate trade amid slight demand dip

Nov 8, 2024

—

by

Tarun Naidu

in Melting Scrap

Raw material prices rise by INR 200-500/t Semis, finished head north by INR 400-600/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, climbed by INR 500/t to INR 36,600/t DAP on 8 November 2024. The Mandi steel market experienced moderate trading today, showing a slight decline in demand compared to yesterday’s session. Mills…