Tag: India: BigMint’s ferrous scrap index drops INR 300/t w-o-w

India: BigMint’s ferrous scrap index drops by INR 400/t w-o-w, but demand uptrend seen

Apr 11, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices rise by INR 200/t w-o-w Semis, finished dip by INR 400-500/t w-o-w BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 100/t to INR 38,200/t DAP on 11 April 2025. On a weekly basis, prices decreased by INR 400/t. The steel market is witnessing a steady upward trend,…