Tag: India: BigMint’s scrap index remains steady w-o-w; soft market sentiments

Semis, finished steel prices drop INR 150/t w-o-w Weak steel demand, ongoing GST scrutiny weigh on market BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, rose by INR 200/tonne (t) d-o-d to INR 35,800/t DAP on 4 July 2025. Additionally, steel scrap prices in the Mandi Gobindgarh remained range bound w-o-w. Slight scrap…