Tag: Mandi scrap index prices

India: BigMint’s ferrous scrap index falls by INR 200/t d-o-d

Feb 5, 2024

—

by

Kamal Gohil

in Melting Scrap

BigMint’s index for domestic steel scrap (end-cutting) in Mandi Gobindgarh recorded a drop of INR 200/t on 5 February, 2024, reaching INR 37,200/t on a delivered-at-plant (DAP) basis. The mills in Mandi are acquiring domestic scrap at a subdued level today, aligning with the sluggish activity observed in the finished steel market. A trader said…