Tag: India:BigMint’s scrap index falls INR 200/t as monsoon rains stall northern India steel trade

India: BigMint’s scrap index gains INR 300/t d-o-d; lack of GST relief disappoints suppliers

Sep 4, 2025

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by

Tarun Naidu

in Melting Scrap

Suppliers lift offers in bid to pass on tax burden Semis, finished prices improve by INR 100-300/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 300/tonne (t) to INR 34,200/t DAP on 4 September 2025. In the wake of the 56th GST Council meeting held yesterday, the expected reduction in…