Tag: Indian steel market July 2025

India: BigMint’s scrap index falls by INR 200/t d-o-d amid unsupportive steel market

Jul 21, 2025

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by

Tarun Naidu

in Melting Scrap

Mills focus on keeping scrap inventories lean Semi-finished steel prices continue to decline BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/tonne (t) d-o-d to INR 35,000/t DAP on 21 July 2025. A mill owner informed BigMint, “Steel markets in Mandi Gobindgarh remained sluggish today due to weak demand and…