Tag: India: BigMint’s scrap index falls by INR 100/t w-o-w amid tepid steel market

Mills may cut production further, impacting scrap demand Ongoing GST inspections continue to foster uncertainty BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 34,500/t DAP on 3 October 2025. However, on a w-o-w basis, scrap prices declined by INR 100/t, pressured by weak demand. Mandi Gobindgarh, one of…