Tag: India: BigMint’s ferrous scrap index rises INR 400/t w-o-w; positive market sentiments

Persistent supply shortages continue to lift scrap prices Elevated finished steel inventories weigh on production BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, rose by INR 100/tonne (t) d-o-d to INR 34,500/t DAP on 14 November 2025. This week, scrap prices in Mandi witnessed a sharp increase of INR 350-480/t. Mandi Gobindgarh, a…