Tag: scrap procurement trends

Raw material to finished steel spread remains stable Moderate steel demand seen in Mandi market BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained steady d-o-d and assessed at INR 35,600/t DAP on 18 August 2025. Mandi steel market witnessed moderate scrap buying after a three-day holiday gap. Most large mills maintained healthy…