Tag: India: BigMint’s ferros scrap index slides as steel market holds off on buying

Supply shortages fail to support scrap prices Finished steel prices drop by INR 100/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/tonne (t) d-o-d to INR 36,600/t DAP on 27 May 2025. In Mandi, sluggish trading activity continued to weigh on the steel market, and increased pressure on…