Tag: sponge iron demand India

India: BigMint’s ferrous scrap index crashes to over 4-year low as lacklustre steel demand persists

Jul 14, 2025

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by

Tarun Naidu

in Melting Scrap

Delayed infrastructure activity dampens mill sales Semi-finished, finished steel tags drop INR 100-400/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dropped by INR 400/tonne (t) d-o-d to INR 35,200/t DAP on 14 July 2025. Steel scrap prices in the region have tumbled to their lowest point in over four years, marking a…