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

India: BigMint’s ferrous scrap index remains stable for 2nd consecutive day

Oct 16, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices slip by INR 200/t d-o-d Finished steel tags dip by INR 200/t today BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 33,500/tonne (t) DAP on 16 October 2025. Scrap prices in the region remained unchanged for the second consecutive day amid limited trade activity. Domestic…