Tag: India: BigMint’s scrap index remains flat; weak demand weighs on steel market

India: BigMint’s ferrous scrap index gains INR 200/t d-o-d as steel demand improves

Nov 4, 2025

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by

Tarun Naidu

in Melting Scrap

Some sellers hold back stocks, supply tighten Sponge iron prices increase by INR 200/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, edged up by INR 200/t d-o-d to INR 33,300/t DAP on 04 November 2025. Scrap prices rose amid tight supply conditions, while ongoing GST inspections continued to disrupt operations in…