Tag: sponge iron price increase

India: BigMint’s ferrous scrap index up INR 300/t d-o-d despite limited trades

May 8, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices increase by INR 100/t d-o-d Semi-finished steel prices rise by INR 200/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 300/tonne (t) d-o-d to INR 37,000/t DAP on 8 May, 2025. Major markets witnessed restricted trading activity today. In Mandi Gobindgarh, domestic steel scrap prices held steady,…