Tag: Mandi scrap index prices

India: BigMint’s ferrous scrap index dips by INR 300/t amid weak finished steel demand

Aug 6, 2024

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by

Kamal Gohil

in Melting Scrap

Shortage of scrap continues in Mandi Slow demand for finished steel to continue in Mandi BigMint’s domestic end-cutting scrap index tracking the Mandi Gobindgarh market marginally fell by INR 300/tonne (t) to INR 37,200/t DAP on 6 August, 2024. Steelmakers in Mandi are facing challenges due to lacklustre demand for semi-finished and finished steel. Additionally,…