Tag: Mumbai Scrap

India: BigMint’s ferrous scrap index falls to 14-week low amid slack steel demand

May 29, 2025

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by

Tarun Naidu

in Melting Scrap

Steel inventories increase, straining scrap demand Rising loans lead to liquidity shortfalls BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 300/tonne (t) d-o-d to INR 36,300/t DAP on 29 May 2025. Scrap prices continued to decline to a 14-week low-levels last seen on 22 February 2025. The overall steel market…