Tag: steel market overview

India: BigMint’s scrap index rises by INR 400/t d-o-d amid positive market sentiment

Mar 31, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices increase by INR 300/t Semis, finished prices rise INR 200-500/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 400/tonne (t) d-o-d to INR 38,300/t DAP on 31 March 2025. As expected, steel demand in the region was strong, leading to an increase of INR 200-500/t in semi-finished…