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

Mills under significant stress amid falling steel prices Steelmakers hopeful of demand recovery next month BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/tonne (t) d-o-d to INR 32,900/t DAP on 24 October 2025. Scrap prices in Mandi Gobindgarh slid by approximately INR 500-600/t w-o-w, as festive-week disruptions slowed logistics…