Tag: India: BigMint’s ferrous scrap index slide to 5-week low on tepid buying interest

Sponge prices remain stable d-o-d Finished steel tags decrease by INR 300/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 34,900/t DAP on 27 August 2025. Market activity today remained subdued, with trading limited primarily to essential procurement by mills. Despite muted demand, prices held firm, suggesting a…