Tag: steel market news India

India: BigMint’s scrap index remains flat; weak demand weighs on steel market

Oct 28, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices dip by INR 100/t d-o-d Finished steel prices decline by INR 200/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained flat d-o-d at INR 32,800/tonne (t) DAP on 28 October 2025.The Mandi Gobindgarh steel market witnessed a quiet session today, with no significant trading activity seen in the semi-finished…