Tag: inventory levels

India: BigMint scrap index falls further by INR 600/t – 22 Oct’24

Oct 22, 2024

—

by

Tarun Naidu

in Melting Scrap

Index falling for three consecutive days Sponge prices fall by INR 300/t d-o-d Finished steel demand hit by GST raids BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, slipped further by INR 600/tonne (t) d-o-d to INR 37,000/t DAP on 22 October 2024. Scrap prices have witnessed a downtrend in the region over…