Tag: India: BigMint’s scrap index holds firm; weak demand weighs on finished steel market

India: BigMint’s scrap index falls by INR 600/t d-o-d on continued downtrend in steel prices

Oct 23, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices decrease by INR 300/t Semis, finished steel prices dip by INR 300-500/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 600/t to INR 33,000/t DAP on 23 October 2025. Scrap prices in Mandi Gobindgarh declined by INR 500-600/t today, in line with the recent fall in finished…