Tag: steel market news India

India: BigMint’s ferrous scrap index slides by 100/t d-o-d amid mixed trends in steel market

Dec 2, 2025

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by

Ramavath Mounika

in Melting Scrap

Buyers show caution amid price uncertainty Lower ingot prices weigh on scrap offers BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/tonne (t) d-o-d to INR 35,600/t DAP on 2 December. Mandi Gobindgarh, a key secondary steel hub in India, recorded subdued trading activity today, with only minor price changes.…