Tag: Tender auction

India: BigMint’s ferrous scrap index up INR 200/t d-o-d amid supply tightness, GST checks

Jun 4, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices dip by INR 300/t d-o-d Finished steel prices remain stable BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 200/tonne (t) d-o-d to INR 36,500/t DAP on 4 June 2025. Mild scrap shortage and ongoing GST checks were seen in the market today, prompting scrap suppliers to raise…