Tag: India: BigMint’s ferrous scrap index dips by INR 500/t w-o-w; silent steel market

Sponge iron prices remain unchanged d-o-d Semis tags dip by INR 300/t, rebar holds firm BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 300/tonne (t) d-o-d to INR 32,800/t DAP on 27 October 2025. Scrap prices in Mandi Gobindgarh continued to fall amid a sluggish and largely inactive steel market,…