Tag: steel segment decline

India: BigMint’s scrap index slips by INR 400/t amid lacklustre steel demand-13 Nov

Nov 13, 2024

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by

Tarun Naidu

in Melting Scrap

Raw material prices drop by INR 150-200/t Semis, finished sales slow, prices dip d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 400/t to INR 37,100/t DAP on 13 November 2024. Scrap procurement by mills remained weak today due to sales pressure in both semi-finished and finished steels across major…