Tag: HYDERABAD STEEL MARKET

India: BigMint’s ferrous scrap index edges up w-o-w amid supply shortage, strict GST inspections

Oct 31, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain firm w-o-w Demand improves for semis, finished steel BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 400/t to INR 33,700/t DAP on 31 October 2025. On a weekly average basis, scrap prices increased by INR 150-200/t, supported by firm demand amid a prevailing shortage in the…