Tag: upcoming scrap auctions

India: BigMint’s scrap index slides marginally although market remains rangebound

Aug 5, 2025

—

by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain stable d-o-d Finished steel prices gain INR 200/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/tonne (t) d-o-d to INR 36,000/t DAP on 5 August 2025. Steel scrap prices in the region saw a marginal decline of INR 100-200/t, with buyers maintaining moderate procurement…