Tag: steel price forecast India

India: BigMint’s scrap index slides by around INR 450/t w-o-w as pressure mounts on steel prices

Jul 18, 2025

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by

Tarun Naidu

in Melting Scrap

Scrap prices in Mandi hit 4-year low this week Limited scrap availability fails to offer support BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/tonne (t) d-o-d to INR 35,300/t DAP on 18 July 2025. W-o-w, the index was down by INR 400-500/t. Scrap prices in the region dropped by…