Author: Tarun Naidu

India: BigMint’s scrap index holds steady d-o-d despite softening market sentiment-18 April

Apr 18, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain steady d-o-d Finished steel prices decline by INR 100/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained steady d-o-d at INR 37,400/tonne (t) DAP on 18 April 2025. Scrap trading was largely inactive today, which exerted downward pressure on offers from suppliers. Weak buying in both semi-finished and…