BigMint (formerly SteelMint/CoalMint)

#BigMint Monthly Scraponomics Report available for December 2024  highlights key trends shaping the global #scrapmarket. Report included India's Growing #ScrapConsumption, Global Ferrous Scrap Market Imported #StainlessSteel Scrap, Domestic and Imported Non-Ferrous Scrap, #TurkishScrap Market and Indian Scrap Market   For a detailed analysis, Read the full report: https://lnkd.in/d-m8eXfV

Introducing the distinguished #Speakers at the upcoming All India Steel Conclave 2.0 (#AISC25) organised by Chhattisgarh Steel Re-rollers Association (#CSRA). This event brings together 1400+ participants, 50+ speakers, and 100+ exhibitors all sharing their knowledge, experiences, and insights on shaping the future of the #steelindustry. Register Now:- https://bit.ly/FlyBig Download the participant link now:- https://lnkd.in/dj7ajyp4

The HRC-rebar spread reversed to a 10-year-low in November 2024. Usually, HRCs are sold at an INR 4,000-4,500/t ($47-53/t) premium to rebars. So far into this fiscal (April-November, 2024-25), rebar prices dipped over 2% to INR 54,075/t ($638/t). HRCs, on the other hand, fell a far deeper 11% to INR 50,950/t ($602/t) in this period, contributing heavily to the record spread reversal last month. What factors contributed to the record reversal? Learn More:- https://lnkd.in/gjfv9iXn

Ms. Nishtha Mukerjee and Mr. Jayprakash Sahu recently represented BigMint at the JSL SAMAGAM Sourcing Partner's Meet 2024, held on November 29th at Bhubaneswar, Odisha. Their presentation delved into the critical topic of "Indian #stainlesssteel and Ferro alloys spectrum - 2030", discussing key #trends and opportunities.

India's #steelprices and raw material prices were unable to shake off the post-Diwali lethargy, leading to a largely gloomy November. Mixed trends were observed, with nine of the 17 #commodities tracked declining m-o-m. Exceptions to the downtrend included #ironore, BF-route #rebars, coking and non-coking #coal, and #HRC. Read more:- https://lnkd.in/dzNaEtjN

Tata Motors Opens Advanced Vehicle Scrapping Facility in Pune | BigMint Updates  Tata Motors has partnered with Tata International Limited to open a state-of-the-art #vehiclescrapping facility called ‘Re.Wi.Re – #Recycle with Respect’ in Pune, India. This #ecofriendly facility boasts a processing capacity of 21,000 vehicles per year, including both commercial and passenger vehicles from any brand. Stay tuned for more updates on this story  

Global #aluminumindustry emissions are trending down , as per data from the International Aluminium Institute (IAI), thanks to faster uptake of #recycledmetal and technological breakthroughs in energy efficiency. However, Indian primary #aluminium producers typically have higher emissions intensities vis-à-vis their global counterparts in the US, Europe and even China. Read More:- https://lnkd.in/dxSR95De

Indian Steel Ministry Proposes 25% Safeguard Duty on Steel Imports | BigMint Update In a move to protect the domestic #steelindustry, the Indian government has proposed a 25% safeguard duty on #steelimports. By imposing this safeguard duty, the government aims to ensure fair competition and support the growth of the domestic #steel sector Stay tuned for more updates on the impact of this decision on the Indian steel industry and the global #steelmarket

Urvarak (India) & Konoike (Japan): Pioneering a Circular Economy with Steel Slag Fertilizer | BigMint Market Update Urvarak Industries, an Indian #startup, and Konoike Group, a leading Japanese conglomerate, have joined forces to develop and market innovative #steel slag-based fertilizers. This collaboration aims to leverage India's abundant #steelslag by product and transform it into a valuable #agricultural input. The fertilizer, rich in essential micronutrients, has the potential to boost crop yields and reduce the need for chemical fertilizers. Stay ahead with the latest commodity market insights with #BigMint

The Indian Steel Ministry has proposed a 25% safeguard duty on select #steelimports. This move aims to support domestic producers while balancing the interests of the steel-consuming industries. Learn more:- https://lnkd.in/d8rHas9r