Tag: steel industry outlook India

India: BigMint’s scrap index edges up by INR 200/t d-o-d amid moderate market sentiments

Mar 7, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices increase by INR 100/t Semi-finished tags improve by INR 200/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, improved marginally by INR 200/tonne (t) d-o-d to INR 36,800/t DAP on 7 March 2025 amid moderate market sentiments. Mills expect the near-term market to remain range-bound, as scrap and semi-finished steel…