Tag: India: BigMint’s ferrous scrap index rises INR 400/t d-o-d; drops INR 300/t w-o-w

Safeguard duty on flat steel imports boosts market sentiment Domestic scrap demand stays strong on price hike expectations BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, inched up by INR 100/tonne (t) d-o-d to INR 36,900/t DAP on 31 December 2025. India’s secondary steel markets remained upbeat in today’s trading session, with a…