Tag: Mandi scrap index prices

India: BigMint’s scrap index remains stable d-o-d despite sluggish steel demand

Jan 22, 2025

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by

Kamal Gohil

in Melting Scrap

Raw material prices remain stable d-o-d Semis, finished steel segments witness dull trades BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 36,500/t DAP on 22 January, 2025. In Mandi, steelmaking primarily utilises a charge mix of 85% scrap and 15% sponge iron. Due to the sluggish market, standalone…