Tag: shredded scrap Europe

India: BigMint’s scrap index edges down by INR 100/t d-o-d as pressure mounts on steel prices

Jun 24, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices drop to a 4-year low in Mandi HR strip prices descend to a 4-month low BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/tonne (t) d-o-d to INR 35,800/t DAP on 24 June, 2025. The market is under pressure as buyers remain cautious, hoping for further price…