Tag: Indian steel price trends May 2025

India: BigMint’s ferrous scrap index increases by INR 100/t in range-bound market

May 5, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices improve by INR 200/t d-o-d Semis, finished prices gain by INR 100/t BigMint’s domestic end-cutting scrap index in the Mandi Gobindgarh market edged up by INR 100 /t d-o-d, reaching INR 36,900/t DAP on 5 May 2025. The overall steel market witnessed moderate activity today, underpinned by a marginal increase in scrap…