Tag: India: BigMint’s ferrous scrap index edges up by INR 100/t on 1st July

Sponge iron prices decrease by INR 200/t Most mills using 40-50% sponge iron in mix BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, inched up by INR 100/tonne (t) d-o-d to INR 35,900/t DAP on 1 July 2025. Today, the Mandi steel market remained largely rangebound, with only minor price fluctuations observed. According…