Tag: Mumbai steel market

India: BigMint’s scrap index slides by INR 200/t d-o-d in range-bound steel market

Jun 3, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain steady d-o-d Semi-finished steel tags dip by INR 100/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/tonne (t) d-o-d to INR 36,300/t DAP on 3 June, 2025.The market remained range-bound today, with mills procuring scrap in moderate volumes amid ongoing sales pressure. A mill owner…