Tag: steel trade activity

India: BigMint’s ferrous scrap index gains 300/t d-o-d as steel prices rise

Mar 19, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices rise by INR 100/t Semis, finished steel prices surge by INR 300-350/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 300/tonne (t) d-o-d to INR 36,900/t DAP on 19 March 2025.The market saw average activity in scrap, as mills focused more on selling their finished material rather…