Tag: steel demand trend

India: BigMint’s ferrous scrap index stable d-o-d amid sluggish steel demand – 27 Nov

Nov 27, 2024

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by

Tarun Naidu

in Melting Scrap

Raw material prices witness price drop Rebar dips by INR 200/t d-o-d in Mandi BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 36,100/tonne (t) DAP on 27 November 2024. The Mandi market continued to witness a pause in steel demand, keeping mills under pressure. Buyer activity remained muted,…