Tag: steel demand India May 2025

India: BigMint’s ferrous scrap index improves by INR 350/t d-o-d amid supply concern

Jun 5, 2025

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by

Tarun Naidu

in Melting Scrap

GST inspections push up offers in Mandi Finished steel prices rise by INR 100/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 200/tonne (t) d-o-d to INR 36,500/t DAP on 4 June 2025. In the Mandi market, a shortage of certain scrap grades, along with ongoing GST inspections, led scrap…