Tag: steel market news India

India: BigMint’s ferrous scrap index slides by INR 300/t amid soft steel market sentiment

Oct 27, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain unchanged d-o-d Semis tags dip by INR 300/t, rebar holds firm BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 300/tonne (t) d-o-d to INR 32,800/t DAP on 27 October 2025. Scrap prices in Mandi Gobindgarh continued to fall amid a sluggish and largely inactive steel market,…