Tag: Loha Mandi prices+scrap prices+steel market update

India: BigMint’s ferrous scrap index hits 8-month high on improved demand

May 6, 2024

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by

Tarun Naidu

in Melting Scrap

Scrap prices increase by INR 2,000-2,200/t w-o-w Finished demand keeps other raw materials supported BigMint’s domestic end-cutting scrap index in the Mandi Gobindgarh market rose by INR 900/tonne (t) to INR 42,400/t DAP on 6 May, 2024. A substantial improvement has been observed in scrap prices, with a d-o-d surge of INR 800-1,000/t in the…