Tag: GST raid impact on steel

India: BigMint’s ferrous scrap index remains stable w-o-w amid lukewarm steel demand

Jun 20, 2025

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by

Tarun Naidu

in Melting Scrap

GST checks disrupt raw material procurements Steel inventory remains on higher side in Mandi BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained largely stable w-o-w, barring minor fluctuations in scrap prices, amid subdued steel demand. However, the index decreased by INR 200/tonne (t) d-o-d to INR 36,200/t DAP on 20 June 2025.…