Tag: steel market news India

India: BigMint’s ferrous scrap index rises by INR 400/t w-o-w amid positive market sentiment

Nov 14, 2025

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by

Tarun Naidu

in Melting Scrap

Persistent supply shortages continue to lift scrap prices Elevated finished steel inventories weigh on production BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, rose by INR 100/tonne (t) d-o-d to INR 34,500/t DAP on 14 November 2025. This week, scrap prices in Mandi witnessed a sharp increase of INR 350-480/t. Mandi Gobindgarh, a…