Tag: steel market news India

India: BigMint’s ferrous scrap index rises 0.6% on supply-side concerns

Dec 3, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices increase by 0.3% to INR 100/t Semi-finished steel prices surge by 0.7% to INR 300/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by about 0.6% (INR 200/tonne) d-o-d to INR 35,800/t DAP on 3 December. The Mandi Gobindgarh market experienced price gains throughout both trading sessions on Wednesday…