Tag: Iron scrap market trends India

India: BigMint’s ferrous scrap index remains steady d-o-d, gains w-o-w

Sep 12, 2025

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by

Tarun Naidu

in Melting Scrap

Lack of GST cuts prompts suppliers to raise offers Finished steel prices rise by INR 400-970/t w-o-w BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained flat d-o-d at INR 34,300/tonne (t) DAP on 12 September 2025. However, w-o-w, scrap prices increased by INR 350-885/t, with the end-cutting scrap index gaining INR 350/t.…