Tag: india steel scrap

India: BigMint’s scrap index falls by INR 200/t as weak steel demand continues

Apr 30, 2025

—

by

Tarun Naidu

in Melting Scrap

Sponge iron prices dip by INR 400/t d-o-d Semis, finished steel prices drop INR 150/t-500/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 200/tonne (t) d-o-d to INR 36,800/t DAP on 30 April, 2025. A mill owner said, “Compared to last week, the Mandi steel market experienced weaker activity…