Tag: India: BigMint’s scrap index declines by INR 300/t d-o-d amid slow demand in steel

Sponge iron prices remain stable d-o-d Semis, finished tags drop INR 100-500/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dropped by INR 300/tonne (t) d-o-d to INR 36,900/t DAP on 21 April 2025. Sources indicate that the market remains under pressure, with steel demand yet to pick up meaningfully, keeping both buyers…