Tag: India: BigMint’s ferrous scrap index drops INR 100/t as steel demand softens

Raw material prices remain stable d-o-d Semi-finished steel prices dip INR 100/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/tonne (t) d-o-d to INR 34,900/t DAP on 18 December 2025. The steel market remained largely inactive throughout the day as buyers continued to adopt a wait-and-watch approach. Finished steel…