Tag: steel segment decline

India: BigMint’s scrap index down by INR 200/t amid modest inquiries-28 Oct

Oct 28, 2024

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by

Tarun Naidu

in Melting Scrap

GST inspections ease, finished demand weak Scrap prices fall for four consecutive days BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 200/tonne (t) d-o-d to INR 36,200/t DAP on 28 October 2024. In the Mandi market, due to slow demand, major steel mills are procuring scrap as per need. Additionally,…