Tag: India: BigMint’s scrap index holds firm amid finish steel faces weak demand

India: BigMint’s scrap index declines by INR 700/t w-o-w amid sluggish steel demand

Sep 5, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain steady w-o-w Semis, finished steel prices dip by INR 630-765/t w-o-w BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, edged up by INR 100/tonne (t) to INR 34,300/t DAP on 5 September 2025. As per weekly basis scrap, prices in the region dipped by INR 670-700/t. After the GST…