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

Mills mulling production cuts amid high finished inventories Semis, finished steel prices decrease by INR 200/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/t d-o-d to INR 33,800/t DAP on 8 October 2025. Scrap prices reached a three-week low, last seen on 18 September 2025. A mill owner…