Tag: Scrap Price Analysis India

India: BigMint’s scrap index dips by up to INR 600/t w-o-w amid weak steel demand

Feb 17, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain firm d-o-d Semis, finished steel dips by INR 200/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dropped by INR 200/tonne (t) d-o-d to INR 36,200/t DAP on 17 February 2025. Additionally, the decent availability of domestic scrap, combined with limited demand for steel and production cuts at mills,…