Tag: Alang bhav

India: BigMint’s scrap index dips by INR 200/t d-o-d in bearish steel market

Sep 30, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices decline by INR 100/t d-o-d Semis, finished prices decrease by INR 200/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/tonne (t) d-o-d to INR 34,500/t DAP on 30 September 2025. Mills limited their scrap purchases due to tepid demand in the finished steel segment. This sluggish market…