Tag: Alang scrap market update August 2025

India: BigMint’s ferrous scrap index slides to 5-week low on tepid buying interest

Aug 25, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices gain by INR 200/t d-o-d Semis, finished steel tags continue to slide BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 300/tonne (t) d-o-d to INR 35,200/t DAP on 25 August 2025. Today, Mandi’s scrap prices hit a five-week low, attributed to limited buying interest and persistently weak…