Tag: inventory levels

India: BigMint’s ferrous scrap index remains stable despite weak steel demand

Nov 4, 2024

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices drop 500/t Semis, finished steel prices dip INR 100-200/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable at INR 35,600/t DAP on 4 November 2024. Steel scrap procurement remained moderate in the Mandi market, with mills continuing to acquire scrap despite slow demand in both the semi-finished…