Tag: India: BigMint’s ferrous scrap index remains stable w-o-w amid weak steel demand

Sponge iron prices remain steady w-o-w Finished prices fall by INR 200/t w-o-w BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained largely stable w-o-w, barring minor fluctuations in scrap prices, amid subdued steel demand. However, the index increased by INR 100/tonne (t) d-o-d to INR 36,900/t DAP on 16 May 2025. In…