Tag: steel market trends October 2025

India: BigMint’s scrap index rises INR 100/t d-o-d but dips by INR 400/t w-o-w

Oct 17, 2025

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by

Kamal Gohil

in Melting Scrap

Scrap sellers lift offers today as semis trade improves Steel price drops to continue amid bearish demand BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 100/t d-o-d to INR 33,600/t DAP on 17 October 2025. However, on a w-o-w basis, scrap prices declined by INR 400/t, pressured by weak demand.…