Tag: sponge iron demand India

Ongoing GST inspections disrupt scrap trade Finished demand weak, mills face sales pressure BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 36,400/t DAP on 16 June 2025. Ongoing GST inspections and enforcement activities in Mandi have disrupted scrap trade, limiting high-volume deals from neighbouring states. As a result,…