Tag: Mumbai Scrap

India: BigMint’s ferrous scrap index drops on sluggish steel demand

May 22, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices dip by INR 100/t Semis, finished steel prices decline BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 100/tonne (t) d-o-d to INR 37,000/t DAP on 22 May 2025. The Mandi steel market witnessed a cautious sentiment today, driven by sluggish demand in both semi-finished and finished steel.…