SteelMint

Tag: steel demand India May 2025

  • India: BigMint’s ferrous scrap index remains stable w-o-w

    India: BigMint’s ferrous scrap index remains stable w-o-w

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    by

    Tarun Naidu
    in

    Sponge iron prices decrease by INR 280/t w-o-w Finished steel prices remain steady w-o-w BigMint’s domestic end-cutting scrap index for the Mandi Gobindgarh market remained stable w-o-w, despite minor fluctuations driven by scrap shortages, subdued steel demand, and ongoing GST inspections. However, the index dropped by INR 350/t d-o-d to INR 36,500/t DAP on 6…