Tag: India: BigMint’s ferrous scrap index dips by INR 100/t d-o-d on lacklustre demand

Soft steel demand prompts need-based scrap buying Scrap shortages fail to provide sustained price support BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/tonne (t) d-o-d to INR 36,400/t DAP on 19 June 2025. Trading activity in the Mandi steel market was sluggish, exerting continued pressure on overall sentiment. In…