Author: Kamal Gohil

India: BigMint’s scrap index drops INR 400/t d-o-d on weak steel market sentiment

Jul 6, 2026

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by

Kamal Gohil

in Melting Scrap

Sponge iron prices fall by INR 200/t d-o-d Semi-finished steel prices drop INR 300/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, eased by INR 400/tonne (t) d-o-d to INR 37,500/t DAP on 6 July 2026. Mandi Gobindgarh’s secondary steel market extended its decline on Monday amid soft sentiments and a paused trading…