Tag: steel market news India

India: BigMint’s scrap index dips INR 100/t d-o-d but rises by INR 600/t w-o-w

Nov 7, 2025

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by

Tarun Naidu

in Melting Scrap

Scrap shortages, GST checks persist in Mandi Semis, finished tags rise INR 300-400/t w-o-w BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 100/t d-o-d to INR 33,800/t DAP on 07 November 2025. However, the index increased by INR 600/t w-o-w. Mandi Gobindgarh, a prominent secondary steel hub, witnessed a rise…