Tag: India:BigMints scrap index sharply dips by INR 100/t d-o-d amid weak steel demand

GST inspections ease, finished demand weak Scrap prices fall for four consecutive days BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 200/tonne (t) d-o-d to INR 36,200/t DAP on 28 October 2024. In the Mandi market, due to slow demand, major steel mills are procuring scrap as per need. Additionally,…