Tag: India: BigMint’s ferrous scrap index falls 14 weeks low amid weak steel demand continues

Sponge iron prices dip by INR 300/t d-o-d Finished steel prices remain stable BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 200/tonne (t) d-o-d to INR 36,500/t DAP on 4 June 2025. Mild scrap shortage and ongoing GST checks were seen in the market today, prompting scrap suppliers to raise…