Tag: India: BigMint’s ferrous scrap index rises amid silent steel market

India: BigMint’s ferrous scrap index drops INR 100/t as steel demand softens

Nov 18, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices increase by INR 100/t Finished steel prices inch up by INR 100/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/tonne (t) d-o-d to INR 34,700/t DAP on 18 November 2025. A mill owner informed: “Imported scrap supplies to Mandi Gobindgarh mills are currently being offered at…