Tag: steel price correction India

India: BigMint’s ferrous scrap index falls by INR 500/t w-o-w as demand stays weak

Jun 27, 2025

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by

Tarun Naidu

in Melting Scrap

Scrap prices plunge to 6-month low in current week Competitive pressure from nearby markets continues BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/tonne (t) d-o-d to INR 35,800/t DAP on 27 June 2025. Additionally, steel scrap prices in the Mandi Gobindgarh market declined by INR 500/t w-o-w, reflecting ongoing…