Tag: India: BigMint’s ferrous scrap index gains INR 700/t amid safeguard duty concern

Sponge iron prices rise by INR 400/t Semis, finished up by INR 400-1,200/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 700/tonne (t) to INR 37,600/t DAP on 22 April 2025. The impact of the recently-imposed 12% safeguard duty on imports of non-alloy and alloy steel flat products is starting…