Tag: India: BigMint’s scrap index dips by INR 200/t d-o-d amid bearish steel market

Sponge iron prices decline by INR 100/t d-o-d Semis, finished prices decrease by INR 200/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/tonne (t) d-o-d to INR 34,500/t DAP on 30 September 2025. Mills limited their scrap purchases due to tepid demand in the finished steel segment. This sluggish market…