Tag: sponge iron demand India

India: BigMint’s scrap index gains INR 100/t amid moderate market sentiments

Jul 9, 2025

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by

Tarun Naidu

in Melting Scrap

Steel prices up INR 100-200/t d-o-d Secondary steel market sees improvement BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, inched up by INR 100/tonne (t) d-o-d to INR 35,800/t DAP on 9 July 2025. Scrap buying remained moderate in today’s market, supported by a noticeable rise in both semi-finished and finished steel prices.…