Tag: mumbai scrap prices

India: BigMint’s scrap index holds steady d-o-d; need-based buying dominates steel market

Jul 8, 2025

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by

Tarun Naidu

in Melting Scrap

Tight supply of certain grades allows for stable scrap tags Semis, finished steel prices slide amid weak sentiment BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 35,700/tonne (t) DAP on 8 July. Steel market activity remained sluggish today, with buying largely restricted to need-based purchases. Persistent weak demand…