Tag: Indian steel scrap market

India: BigMint’s scrap index dips INR 100/t d-o-d but rises INR 450/t w-o-w

Sep 26, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices increase by INR 200/t w-o-w Semis, finished steel prices up INR 250-450/t w-o-w BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 100/t to INR 34,600/t DAP on 26 September 2025. Scrap prices in the region improved by INR 450-575/t w-o-w, as ongoing GST raids hampered routine workflow.…