Tag: Indian steel market trends May 2025

India: BigMint’s scrap index drops INR 200/t d-o-d on slow trades amid rising geopolitical tension

May 7, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices dip by INR 300/t d-o-d Semis, finished steel prices drop INR 200/t-300/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 36,700/t DAP on 7 May, 2025. Major steel markets remained largely inactive, with limited trade activity amid ongoing geopolitical tensions at…