Tag: steel demand India May 2025

India: BigMint’s ferrous scrap index dips by INR 200/t d-o-d on lacklustre demand

May 27, 2025

—

by

Tarun Naidu

in Melting Scrap

Supply shortages fail to support scrap prices Finished steel prices drop by INR 100/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/tonne (t) d-o-d to INR 36,600/t DAP on 27 May 2025. In Mandi, sluggish trading activity continued to weigh on the steel market, and increased pressure on…