Tag: India: BigMint’s scrap index falls by INR 200/t amid unsupportive steel market

Mills focus on keeping scrap inventories lean Semi-finished steel prices continue to decline BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/tonne (t) d-o-d to INR 35,000/t DAP on 21 July 2025. A mill owner informed BigMint, “Steel markets in Mandi Gobindgarh remained sluggish today due to weak demand and…